Wesfarmers tightens margin on A$500 million five-year
Wesfarmers (BBB+/Baa1) has priced its five-year domestic bond transaction a day after its
September 3 launch, tightening the margin on the A$500 million deal to 260 basis points over swap and bank bill swap rate from the indicative level of 275 basis points over. The issuer sold A$400 million of fixed rate bonds and a further A$100 million of floating rate paper in the September 2014 maturity line.
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Domestic demand focus for WestLB's A$650 million deal [UPDATED]
WestLB AG Sydney (WestLB) (BBB+/A2/A-) priced the one year-plus deal it
launched earlier the same day on September 3, with distribution of the A$650 million (US$541.06 million) transaction understood to have been predominantly domestic. Although the issuer also has A$500 million of bonds issued in 2004 set to expire on September 30 the new transaction is not believed to be a direct refinancing.
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