Woolworths says focus of hybrid securities is retail investors
- Thursday, 27 October 2011
On October 26 Woolworths (A-/A3) set the margin for its hybrid securities, called Notes II, at 325 basis points over the bank bill swap rate (BBSW) – at the lower end of the marketed range. Due to strong demand, the company increased the offer to A$700 million (US$733.3 million), from the A$500 million at launch on October 18.
