Woodside to issue $1bn in corporate bonds

Oil and gas giant Woodside will issue US$1 billion worth of corporate bonds into the US 144A bond market.

The bonds will be issued by Woodside Finance, a subsidiary of Woodside Petroleum, and will consist of US$1 billion of ten year bonds, with a coupon of 3.65 per cent.

The bonds will be guaranteed by Woodside.

Funds raised will be used for general corporate purposes, Woodside stated, as well as funding its capital and exploration program.

Woodside recently took a major step forward in the development of its gas operations with the signing of an MoU with Adani to supply the Indian LNG market.

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