Frasers mandates three for $2.5bn acquisition loan

Fraser Residence_230px
By Rashmi Kumar
03 Jul 2014

Singapore’s Frasers Centrepoint has picked a group of three banks to provide it with funds for its A$2.6bn ($2.5bn) acquisition of Australian property developer Australand.

Deutsche Bank, Standard Chartered and Sumitomo Mitsui Banking Corp have signed up to provide the funds. According to a filing by Frasers on the Singapore Stock Exchange, it is funding the purchase using a combination of the bank loan facility as well as internal funds.

There has ...

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