Woolworths looks to raise A$500 Million in notes

  • October 18, 2011
  • Matt Paish

Australia’s largest retailer, Woolworths, announced today that it looking to raise A$500 Million in unsecured, subordinated notes, due to mature on 24 November 2036.

Woolworths lodged a prospectus with the Australian Securities and Investments Commission (ASIC) for an offer of dated, unsecured, subordinated, cumulative notes at A$100 each.

Woolworths Finance Director Tom Pockett said, “Woolworths is a solid cash flow generating business with a conservative balance sheet. This offer further optimises our capital structure and is expected to further support our corporate credit rating.”

The offer, which is open to institutional investors, Woolworths shareholders and members of the general public, is expected to open on 26 October 2011, with notes issued on November 24 2011.


Bookmarks

  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Furl
  • Netvouz
  • NewsVine
  • Reddit
  • Fark
  • Propeller
  • Slashdot
  • StumbleUpon
  • Technorati

Reader Comments

Australian Food News reserves the right to edit or not publish comments of a potentially offensive or defamatory nature. Comments will not be published if name and email address has not been provided (name and email will be withheld if requested).

The opinions expressed below are those of Australian Food News readers and do not necessarily reflect those of Australian Food News.