Wesfarmers Limited : Wesfarmers Issues Medium Term Notes
03/21/2012| 02:10am US/Eastern
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21 March 2012
WESFARMERS ISSUES MEDIUM TERM NOTES
Wesfarmers Limited ("Wesfarmers") today announced the issue
of AUD$500 million of unsecured fixed rate medium term notes,
maturing in March 2019. The notes were priced at 165 basis
points over the seven year swap rate, resulting in a total
interest cost of
6.49 per cent per annum.
Settlement of the transaction is expected to occur on 28
March 2012.
"The issue continues the group's strategy to pre-fund
upcoming maturities and lengthen the debt maturity profile"
said Wesfarmers' Finance Director Terry Bowen. "We are very
pleased with the outcome of the issue and the continued
strong support from investors".
The proceeds will be applied to general group funding and to
repay existing shorter term borrowings.
The joint lead managers for the issue are Australia and New
Zealand Banking Group Limited, Commonwealth Bank of
Australia, National Australia Bank and Westpac Banking
Corporation.
Wesfarmers is rated A-/Stable/A-2 by Standard & Poor's and
Baa1//Positive/P2 by
Moody's.
For further information: Luigi Mottolini
Executive General Manager, Group Finance
Phone: +61 8 9327 4282
Wesfarmers Limited ABN 28 008 984 049
11th Floor, 40 The Esplanade, Perth, Western Australia 6000.
GPO Box M978, Perth WA 6843. www.wesfarmers.com.au
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This press release was issued by Wesfarmers Ltd. and was initially posted at http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTMxNDI2fENoaWxkSUQ9LTF8VHlwZT0z&t=1 . It was distributed, unedited and unaltered, by noodls on 2012-03-21 08:07:59 AM. The issuer is solely responsible for the accuracy of the information contained therein.
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