(Bloomberg) -- A buyout group led by Wesfarmers Ltd.,
Australia's biggest home improvement retailer, is seeking to
raise about A$12 billion ($10 billion) to fund an offer for Coles
Group Ltd., said two people with direct knowledge of the matter.
The group met with 11 international and domestic banks in
Melbourne yesterday, the people said, declining to be identified
as talks aren't public. In addition to loans, it plans to sell
bonds in Australia and globally, they said. The debt will be
backed by Coles assets.
Read more at Bloomberg Bonds News
Australia's biggest home improvement retailer, is seeking to
raise about A$12 billion ($10 billion) to fund an offer for Coles
Group Ltd., said two people with direct knowledge of the matter.
The group met with 11 international and domestic banks in
Melbourne yesterday, the people said, declining to be identified
as talks aren't public. In addition to loans, it plans to sell
bonds in Australia and globally, they said. The debt will be
backed by Coles assets.
Read more at Bloomberg Bonds News
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