Fantasia Foods
Pty Ltd
Fantasia Foods Pty Ltd is a proud Commonwealth Bank client of twenty five years. From their once family-operated supermarket, they’ve grown to be the largest independent supermarket proprietor in Victoria.
They have a number of facilities with the Bank including two Market Rate Loan (MRL) accounts totalling $30m (one for $10m and one for $20m), an overdraft for $500,000, car leases, merchant facilities and CommBiz.
The expiry date on their MRL facilities and an existing $10m hedge both expire in six months’ time. The current hedge is a Cap for $10m at 3%, which cost them an upfront premium of $95,000.
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