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.