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Woodside to issue $775m worth of US bonds

Woodside to issue $775m worth of US bonds

Woodside Petroleum (ASX:WPL) announced it would issue US$700 million ($775.4 million) worth of corporate bonds on the US 144A bond market.

The five year bonds will have a coupon of 4.5%, and be issued by subsidiary Woodside Finance, the company said in an ASX filing.

The resulting windfall will be used to repay short-term debt and as funding for capital expenditure.

WPL shares have fallen 1.45% today to $47.01.

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