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Woodside Petroleum To Issue US$700 Million In Corporate bondsSYDNEY -(Dow Jones)- Woodside Petroleum Ltd. (WPL.AU) said Wednesday that it has agreed to issue US$700 million of corporate bonds in the U.S. as it continues to source funds for the development of its massive Pluto liquefied natural gas project. Woodside said the five-year bonds will have a coupon of 4.5%. It follows Woodside this week saying it has sold its 51.55% share of the Otway gas project offshore Victoria state for A$721.5 million to Origin Energy Ltd. ( ORG.AU). -By Ross Kelly, Dow Jones Newswires; 61-2-8235-2957; ross.kelly@dowjones.com (END) Dow Jones Newswires 11-03-091801ET Copyright (c) 2009 Dow Jones & Company, Inc. |
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