Australia's Woodside Petroleum Ltd. disclosed Friday that the company has entered into an agreement for the issuance of $1 billion in corporate bonds into the United States 144A bond market. Settlement of the offering is subject to certain customary conditions.
The bonds will be issued by Woodside Finance Ltd, a wholly owned subsidiary of Woodside Petroleum Ltd., and will consist of $1 billion of 10 year bonds with a coupon of 3.65 percent.
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 our capital and exploration expenditure program.
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