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Wesfarmers offers $300m unsecured Australian bonds

2015-05-06 05:48:23| Automakers - Topix.net

Wesfarmers, owner of Australia's Coles supermarket chain, is offering its first unsecured domestic bond in more than two years. The conglomerate with businesses including retailers, coal mining and insurance, is marketing $300 million of 5 1/2-year fixed-rate bonds at a yield of about 0.95 percentage point more than the swap rate, according to an e- mailed statement from joint sale manager Commonwealth Bank of Australia.

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