APPF Retail mandates banks for a seven-year domestic deal

Lendlease Real Estate Investments as responsible entity of Australian Prime Property Fund Retail (APPF Retail) (A+ by S&P) revealed on 10 May that it has mandated a potential seven-year domestic deal. Initial price talk is in the area of 130 basis points over semi-quarterly swap.

Commonwealth Bank of Australia and National Australia Bank are leading the forthcoming transaction, which is expected to launch on 11 May.