CFS Retail sees double oversubscription in 2016 tap

The most consistent post-crisis true corporate issuer in the Australian market, CFS Retail Property Trust (CFS Retail) (A), priced its third domestic transaction since 2009 on February 1. The firm added A$150 million (US$150 million) to the A$290 million outstanding in its May 2016 line at a margin of 160 basis points over swap, with the deal's leads saying the transaction saw more than double oversubscription.