The Westfield Group today priced its first debt issue into the United States markets with US$2.1 billion of fixed rate senior guaranteed notes.
The debt issue comprises:
- US$1.4 billion 10-year fixed rate senior guaranteed notes at a spread of 115 over the 10-year Treasury with a coupon of 5.125%;
- US$700 million 6-year fixed rate senior guaranteed notes at a spread of 100 over the six-year Treasury with a coupon of 4.375%.
Proceeds from the issue will be used to repay short-term borrowings.
Source: Westfield