Woodside’s US$ bond offerings

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Corrs advised Woodside on its US$700 million 10 year corporate bond offering in the Rule 144A market. This follows earlier US$400 million 5 year, US$600 million 10 year and US$700 million 5 year offerings in that market in 2009 on which Corrs also advised Woodside.

The proceeds of the offering will be used to refinance existing debt and to fund Woodside’s ongoing capital and exploration program.

The success of these offerings demonstrates the strong US public debt market appetite for the credit of Australian corporates operating in the energy and resources sector.