Wesfarmers is raising $US750 million ($A732.82 million) following the successful pricing of a bond issue in the United States.

Wesfarmers was very pleased with the strong investor support for the bond issue, which was more than five times oversubscribed and which forms part of the group's ongoing refinancing program, finance director Terry Bowen said in a statement on Thursday.

"This continues Wesfarmers' strategy of maintaining a presence in key credit markets and proactively extending debt maturities when conditions are favourable," Mr Bowen said.

The offering consists of five-year notes issued at 100 basis points over five year US Treasuries, giving a coupon of 1.874 per cent and maturing in 2018.

The notes will rank equally with Wesfarmers existing senior debt facilities.

The US dollar proceeds have been fully hedged and will be converted into Australian dollars.

About News.net

Publishing Services International Limited (PSIL) is the publisher and operator of a worldwide network of online news sites dedicated to delivering fair, accurate and relevant reporting from a variety of the world’s most trusted sources – from the biggest cities to the smallest towns.

We deliver positive and powerful messages to our readers, providing up‑to‑the‑second news that matters to the individual.

Our promise is to serve communities and individuals worldwide, delivering information that hasn’t always been available to them. We will give them back a voice – a voice that’s empowering because it is theirs – and provide a platform to communicate between themselves and the world.

We believe people are not just generic demographics; they are individuals with their own preferences and curiosities. We are about understanding these individuals, listening to them, and serving them.

We are the new pioneering spirit of news – we’re not talking to everyone, we’re talking with every one.

If you want your news, your voice, your way, on your time – we’ve got news for you.

 

FAQs

Email

If you have any questions or concerns please email us on support@news.net

Phone

  • Australia, Toll Free 1-800-983-421
  • Hong Kong, Toll Free 800-906-187
  • Singapore, Toll Free 800-852-3871
  • USA/Canada, Toll Free 1-800-830-4132

Advertise With Us

Interested in being awesome?
Contact us by email or phone.

Cancel