Woodside to issue US$1 billion in corporate bonds
Published by Callum O'Reilly,
Senior Editor
LNG Industry,
Woodside has entered into an agreement for the issuance of US$1 billion in corporate bonds into the United States 144A bond market.
The bonds will be issued by Woodside Finance Ltd, a wholly owned subsidiary of Woodside Petroleum Ltd, and will consist of US$1 billion of 10 year bonds with a coupon of 3.65%.
The bonds will be guaranteed by Woodside Petroleum Ltd and its wholly owned subsidiary, Woodside Energy Ltd.
The funds will be used for general corporate purposes including funding the company’s capital and exploration expenditure programme.
Settlement of the offering is subject to certain customary conditions.
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/27022015/woodside-to-issue-corporate-bonds-331/
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