SYDNEY, March 7 (Reuters) - Woolworths Ltd, Australia's largest retailer, has launched a A$500 million ($507 million) benchmark five-year bond issue, joint lead ANZ Bank said on Monday.
Indicative pricing of the fixed-rate offer is around 110 basis points over swap with pricing expected by Tuesday.
ANZ and Westpac Institutional Bank are jointly leading the issue to be rated A-minus by S&P.
Woolworths met bond investors in Sydney and Melbourne last week. ($1 = 0.986 Australian Dollars)
(Reporting by Cecile Lefort; Editing by Balazs Koranyi) Keywords: WOOLWORTHS/BONDS (cecile.lefort@reuters.com)(+612-9373-1234)(Reuters Messaging: cecile.lefort.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Indicative pricing of the fixed-rate offer is around 110 basis points over swap with pricing expected by Tuesday.
ANZ and Westpac Institutional Bank are jointly leading the issue to be rated A-minus by S&P.
Woolworths met bond investors in Sydney and Melbourne last week. ($1 = 0.986 Australian Dollars)
(Reporting by Cecile Lefort; Editing by Balazs Koranyi) Keywords: WOOLWORTHS/BONDS (cecile.lefort@reuters.com)(+612-9373-1234)(Reuters Messaging: cecile.lefort.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.