WESTFIELD has priced a $US500 million debt issue into the United States market.
The issue comprises 10-year fixed rate senior guaranteed notes with a coupon of 3.375%.
Proceeds will be used to repay borrowings under the group’s revolving credit facilities and to place on deposit.
Westfield has separately launched a tender offer to buy back $US300 million of outstanding 5.125% bonds and 7.50% bonds due 2014.
Property Review
