In the wake of its third euro transaction, Wesfarmers tells KangaNews that the decision to issue offshore was made on the basis of execution certainty despite a softer European backdrop. Even so, the borrower says the decision to issue euros was a close call over returning to the Australian dollar market.

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KangaNews is the trading name of BondNews Limited, a company registered in the UK and Australia. With our head office in Sydney and a satellite office in Europe, we are positioned to provide a one-stop information service on the Australasian fixed-income markets.
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