By Cristal Cody
Tupelo, Miss., Sept. 6 – Woodside Finance Ltd. priced $800 million of 3.7% notes due March 14, 2028 (Baa1/BBB+) at a spread of 160 basis points over Treasuries on Wednesday, according to a market source.
The notes priced on the tight side of talk in the Treasuries plus 165 bps area.
BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and UBS Securities LLC were the lead managers.
Woodside Finance is a Perth, Australia-based financing company and subsidiary of Woodside Petroleum Ltd.
| Issuer: | Woodside Finance Ltd.
|
| Amount: | $800 million
|
| Maturity: | March 14, 2028
|
| Securities: | Notes
|
| Bookrunners: | BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and UBS Securities LLC
|
| Coupon: | 3.7%
|
| Spread: | Treasuries plus 160 bps
|
| Trade date: | Sept. 8
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Price guidance: | Treasuries plus 165 bps area
|
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