Woolworths launches dual-tranche domestic benchmark transaction

Woolworths Group (BBB/Baa2) launched an Australian dollar denominated, benchmark transaction on 12 May. Offered in either or both five- and 10-year tranches, indicative price guidance for the forthcoming deal is, respectively, 160 and 210 basis points area over semi-quarterly swap. Pricing is expected on the day after launch, according to lead managers ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac Institutional Bank.