Wesfarmers nets A$271 million via senior-secured Bunnings SPV issue [UPDATED]
- Thursday, 29 August 2013
Wesfarmers launched and priced an issue of senior-secured bonds from a special-purpose vehicle (SPV) backed by lease payments made on 15 properties leased by Wesfarmers to its subsidiary, Bunnings Group (Bunnings), on August 29. The deal comes three days after Wesfarmers announced a series of meetings with Australian fixed income investors to discuss the novel transaction.
