Woodside to Issue $700MM in Corporate Bonds
Woodside has entered into an agreement for the issuance of US $700 million in corporate bonds into the United States 144A bond market.
The bonds will be issued by Woodside Finance Limited, a wholly owned subsidiary of Woodside Petroleum Ltd, and will consist of US $700 million of 5-year bonds with a coupon of 4.5%.
The bonds will be guaranteed by Woodside Petroleum Ltd and its wholly owned subsidiary, Woodside Energy Ltd.
Funds raised from the issuance will be used to repay short term debt and for general corporate purposes including capital expenditure.
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