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BRIEF-Woolworths Group Announces $1 Bln Australian Bond Issue, Refinancing Future Maturities

Published 14/05/2020, 12:30 am
© Reuters.
WOW
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May 13 (Reuters) - Woolworths Group Ltd WOW.AX :

* $1BN AUSTRALIAN BOND ISSUE, REFINANCING FUTURE MATURITIES-WOW.AX

* PRICED $400 MILLION OF SENIOR UNSECURED FIVE YEAR NOTES & $600 MILLION OF TEN YEAR NOTES UNDER EURO MEDIUM TERM NOTE PROGRAMME

* WILL USE PROCEEDS FROM NOTES FOR REFINANCING OF FUTURE DEBT MATURITIES OF ABOUT $1 BILLION LATER IN CY2020

* NOTES WERE PRICED AT 1.85% FOR FIVE YEAR NOTES AND 2.80% FOR TEN YEAR NOTE

* INTEREST RATE ON NOTES IS BELOW WOOLWORTHS GROUP'S CURRENT AVERAGE COST OF DEBT

* SETTLEMENT OF NOTES EXPECTED TO OCCUR ON 20 MAY

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