BUZZ-Australia's Rent.com.au hits 1-year high on $6.4 million loan facility

Reuters

05-28

BUZZ-Australia's Rent.com.au hits 1-year high on $6.4 million loan facility

** Rent.com.au shares RNT.AX rise 8.3% to A$0.026

** Stock trading at its highest level since May 16, 2024

** Real estate website operator says it secured a loan facility of up to A$10 million ($6.44 million) from a credit fund to finance its financial product, RentBond

** RNT up 28.4% YTD

($1 = 1.5540 Australian dollars)

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))

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