Woodside looks to raise over $1bn in rare corporate bond

24 Feb 2009

Woodside Petroleum, the Australian oil and gas firm, is set to sell five and 10 year bonds worth at least $1bn after whispering price guidance on Tuesday morning.

Lead managers Credit Suisse, JP Morgan and UBS are indicating a range of “low- to mid-500s” over Treasuries for both tranches of fixed rate notes, which are set to be priced in New York hours on Tuesday.

The deal is Woodside’s first in the international capital markets since ...

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