04/11/2009 - 12:57

Woodside to raise $US700m

04/11/2009 - 12:57

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Woodside Petroleum will raise $US700 million through the issue of corporate bonds in the United States to repay short-term debt and general corporate purposes.

Woodside to raise $US700m

Woodside Petroleum will raise $US700 million through the issue of corporate bonds in the United States to repay short-term debt and general corporate purposes.

 

The announcement is below:

 

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.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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