Westfield Group, the world’s biggest shopping mall owner, received commitments of more than $1.4bn for a $1.25bn loan after courting investors in Asia, three people familiar with the situation said.

The Sydney-based company approached banks in Singapore, Hong Kong and Taipei last month for a so-called forward start loan designed to extend a $1.65bn facility, said two of the people, who declined to be identified because the talks are private. The transaction should be completed this week with at least one commitment coming from an Asia-based lender new to the group, two of the people said today.

bloomberg.com