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CFS Retail Property Trust Group Secures New Long-Dated Debt

20 Dec 2012  |  14:04:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: New long-dated debt secured

CFS Retail Property Trust Group advised that its manager, Colonial First State Property Retail, has negotiated a $100m forward starting five-year bank debt facility, further improving the trust's weighted average debt duration. The forward-dated bank debt facility is a bilateral agreement that is senior and unsecured and can be drawn from mid-June 2013. The debt facility will be used to fund the trust's development pipeline.

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