Wesfarmers Seeks Australian Record $8.6 Billion Loan for Coles Takeover

(Bloomberg) -- Wesfarmers Ltd. is seeking a A$10
billion ($8.6 billion) loan to fund its takeover of Coles Group
Ltd., the largest borrowing by an Australia-based company.

Wesfarmers, the nation's biggest home-improvement chain,
hired Australia & New Zealand Banking Group Ltd., BNP Paribas SA
and National Australia Bank Ltd. to arrange the loan, according
to a statement today from the banks. The bid values Coles at
A$19.1 billion based on today's share price.


Read more at Bloomberg Bonds News