Woolworths launches A$500 million domestic hybrid offer

A prospectus for Woolworths' (A-/A3) offer of an indicative A$500 million (US$509 million) hybrid security was lodged with the Australian Securities Exchange on October 18. The transaction includes a specifically-targeted institutional offer, although fund managers contacted by KangaNews in advance of the official launch say they have yet to draw conclusions on their likely level of interest.