May 13 (Reuters) - Woolworths Group Ltd (WOW) :
- $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
Source text https://reut.rs/2AkdimJ
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News: WOW Woolworths Group Announces $1 Bln Australian Bond Issue, Refinancing Future Maturities
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