Woodside looking to raise USD 1 bln through bond issuance

LNG players Woodside said it has entered into an agreement for the issuance of US$1 billion in corporate bonds into the United States bond market. 

The bonds will be issued by Woodside Finance, a unit of Woodside Petroleum and will consist of US$1 billion of 10 year bonds with a coupon of 3.65%, the company said in a statement.

The bonds will be guaranteed by Woodside Petroleum and its unit, Woodside Energy.

The company informed funds will be used for general corporate purposes including funding the capital and exploration expenditure program.

[mappress mapid=”16840″]

Image: Woodside