Wednesday, May 04, 2011
Asia Pulse Pte Ltd
Woodside Petroleum Ltd says it has entered into an agreement to issue US$700 million in corporate bonds into the United States bond market.
They would be 10-year bonds with a rate of 4.6 percent, the oil and gas producer said in a statement on Wednesday.
The funds will be used for general corporate purposes including repayment of some of the company's existing debt that matures this year.
The bonds will be guaranteed by the parent entity and its wholly owned subsidiary Woodside Energy Ltd.
Shares in Woodside were down $1.12, or 2.44 percent, at $44.73 at 1337 AEST, against losses in the broader market of almost one percent.
(AAP) ry
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