Wesfarmers tightens margin on A$500 million five-year

Wesfarmers (BBB+/Baa1) has priced its five-year domestic bond transaction a day after its September 3 launch, tightening the margin on the A$500 million deal to 260 basis points over swap and bank bill swap rate from the indicative level of 275 basis points over. The issuer sold A$400 million of fixed rate bonds and a further A$100 million of floating rate paper in the September 2014 maturity line.

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