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Woodside to issue USD 1bn in corporate bonds to fund business and exploration plans

27th February 2015

Woodside has entered into an agreement for the issuance of USD 1.0bn in corporate bonds into the United States 144A bond market.

Woodside has entered into an agreement for the issuance of USD 1.0bn in corporate bonds into the United States 144A bond market.
The funds will be used for general corporate purposes including funding its capital and exploration expenditure programme

The bonds will be issued by Woodside Finance Ltd, a wholly owned subsidiary of Woodside Petroleum Ltd, and will consist of USD 1.0bn of 10 year bonds with a coupon of 3.65 per cent.

The bonds will be guaranteed by Woodside Petroleum Ltd and its wholly owned subsidiary, WoodsideEnergy Ltd.

The funds will be used for general corporate purposes including funding its capital and exploration expenditure programme.

Settlement of the offering is subject to certain customary conditions.

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