By Andrea Heisinger
Omaha, April 3 - Wesfarmers Ltd. priced $650 million 6.998% five-year notes Thursday to yield Treasuries plus 425 basis points, an informed source said.
The notes (/BBB+/)priced at par to yield 6.998%. They have a make-whole redemption option of Treasuries plus 65 bps.
Bookrunners were Goldman Sachs & Co., J.P. Morgan Securities Inc. and Barclays Capital Inc.
The company is Australia's largest retailer and is based in Perth.
| Issuer: | Wesfarmers Ltd.
|
| Issue: | Notes
|
| Amount: | $650 million
|
| Maturity: | April 10, 2013
|
| Bookrunners: | Goldman Sachs & Co., J.P. Morgan Securities Inc. and Barclays Capital Inc.
|
| Coupon: | 6.998%
|
| Price: | Par
|
| Yield: | 6.998%
|
| Spread: | Treasuries plus 425 bps
|
| Call: | Make-whole at Treasuries plus 65 bps
|
| Trade date: | April 3
|
| Settlement date: | April 10
|
| Rating: | Standard & Poor's: BBB+
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
