Wesfarmers deal points to strength of Australian corporate demand
- Friday, 04 November 2011
The issuer and lead managers of Wesfarmers' (A-/Baa1) recent A$500 million (US$519.4 million) domestic deal say the transaction's success illustrates the fact that real money investors have not changed their fundamental demand for Australian true corporate credit despite volatile markets. More than 40 investors participated in the October 31 deal, which was upsized by A$200 million.
