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FSA GROUP LIMITED — Capital/Financing Update 2009
Jun 14, 2009
64948_rns_2009-06-14_8e98e732-8bc2-42b7-a39d-366db04c05ac.pdf
Capital/Financing Update
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FSA GROUP LIMITED
15 June 2009
Bridging Finance Division: Westpac $7m Facility Renewed
FSA Group’s $7 million bridging finance funding facility has been renewed by Westpac Banking Corporation for a further term of 18 months until December 2010.
FSA Group’s direct lending services include mortgage finance to individuals and bridging finance and factoring finance to small businesses.
Following the recent renewal by Westpac of FSA Group’s $210 million non-recourse residential mortgage funding facility, Executive Director Tim Odillo Maher reiterated that “Our disciplined and conservative approach to origination and exceptional arrears management has been key to Westpac’s decision to renew the facilities. We are very pleased to report that all of FSA Group’s funding facilities with Westpac, totalling over $227 million, have been renewed with the next review dates falling in the second half of 2010.”
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For and on behalf of the Board Duncan Cornish Company Secretary
FSA Group Limited Head Office Level 3, 70 Phillip Street Sydney, NSW, 2000
Phone: (1300) 660 032 Fax: (1300) 660 050 [email protected]
ASX Code: FSA