Australia's Colonial plans A$683 mln CMBS offer

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SYDNEY, March 11 (Reuters) - Australian Colonial First
State Capital Management plans to sell A$683 million ($623
million) of commercial mortgage-backed securities (CMBS),
according to ratings agency S&P.

The offer will carry two tranches with proceeds to
refinance a CMBS offer.

Legal maturity is March 21, 2015 with an expected maturity
of March 2013.

The loans are backed by 36 retail, office and industrial
properties in Australia, all managed by Colonial First State
Global Asset Management, a unit of Commonwealth Bank of
Australia (CBA.AX).

Preliminary deal details:

Class Amount Ratings

(mln) S&P

A1 A$370 mln AAA

A2 A$313 mln A-1+
(Reporting by Cecile Lefort; editing by Balazs Koranyi)