By Aleesia Forni
Virginia Beach, Feb. 26 – Woodside Finance Ltd. sold $1 billion of 3.65% 10-year notes on Thursday to yield Treasuries plus 165 basis points, a market source said.
The notes priced at the tight end of guidance in the 170 bps area.
The notes (Baa1/BBB+/) were priced at 99.924 to yield 3.657%. They priced under Rule 144A and Regulation S.
Bookrunners were Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co., Inc. and UBS Securities LLC.
Proceeds are being used for general corporate purposes.
The finance arm of the hydrocarbon exploration and production company is based in Perth, Australia.
| Issuer: | Woodside Finance Ltd.
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| Issue: | Notes
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| Amount: | $1 billion
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| Maturity: | March 5, 2025
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| Bookrunners: | Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, UBS Securities LLC, Morgan Stanley & Co., Inc.
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| Coupon: | 3.65%
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| Price: | 99.924
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| Yield: | 3.657%
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| Spread: | Treasuries plus 165 bps
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| Call: | Make-whole at Treasuries plus 25 bps
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| Distribution: | Rule 144A, Regulation S
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| Trade date: | Feb. 26
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| Settlement date: | March 5
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| Ratings: | Moody's: Baa1
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| Standard & Poor's: BBB+
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| Price talk: | 170 bps area
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