Colonial Finance has signed a A$315 million three-year term loan through bookrunners and mandated lead arrangers Commonwealth Bank of Australia, Citi, HSBC and Mizuho Corporate Bank.
Final allocations saw HSBC commit A$100 million while Citi and Mizuho Corporate Bank provided $75 million each. Bank of China joined in as a mandated lead arranger with A$25 million while arrangers Bank of Taiwan and Chang Hwa Commercial Bank took A$10 million each. First Commercial Bank, Jih Sun International Bank, Taiwan Cooperative Bank and Taishin International Bank ended up in with A$5 million respectively.
Proceeds are for refinancing and general corporate purposes.