Telecom NZ spinoff's NZ$1 bln loan to launch
September 28, 2011 at 02:58 AM EDT
SYDNEY, Sept 28 (Reuters Basis Point) - Mandated lead arrangers Australia and New Zealand Banking Group , Citigroup and Westpac Banking Corp are preparing to launch a NZ$1 billion ($793 million) loan in October to capitalise Telecom New Zealand's spinoff unit, banking sources familiar with the deal said.