(22 April 2010 – Australia) It has been reported that Australia and New Zealand Banking Group (ANZ) and National Australia Bank (NAB) have been hired by Computershare Ltd to help it borrow US$600 million (A$643 million), according to people familiar with the matter.Two of the sources, who asked to remain anonymous, said that the loans for Computershare Ltd, the world’s largest share registrar, were to be in two parts.
The first was reported to be a three-year facility paying around 180 basis points more than the London Interbank Offered Rate (LIBOR) and the second loan, a four year loan paying around 200 basis points more than LIBOR, Chinapost reported.
Melbourne based Computershare reported a first-half profit of US$170 million in early February after raising its earnings per-share forecast for the period on January 19th.
According to Bloomberg News, it has US$550 million worth of loans maturing this year.