Woodside Petroleum preps loan as Aussie borrowers hit Asia

10 Oct 2010

Woodside Petroleum was set to launch a five year loan worth about $1.1bn on Friday as a wave of Australian companies flood to Asia for international liquidity and pricing.

ANZ and Bank of Tokyo-Mitsubishi have been mandated to run the deal, which will refinance a $1.1bn loan agreed in May 2009. It is likely to pay an all-in around the high 180bp area, according to a banker away from the deal.

It is only the latest example of ...

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