Westfield Group prices US$2.1 billion senior guaranteed notes (AU/US)

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

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