Bloomberg News

Australand Property Borrows A$850 Million From ANZ Bank, Westpac

May 03, 2012

Australand Property Group (ALZ), which develops residential, commercial and industrial properties, signs A$850 million of loans, according to data compiled by Bloomberg.

Proceeds are for general corporate and working capital purposes and the loan was completed in four parts with maturities ranging from one to five years, the data show. Australia & New Zealand Banking Group Ltd. (ANZ) and Westpac Banking Corp. (WBC) provided funds.

To contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net


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