Australian LNG player Woodside, which is buying US LNG firm Tellurian, has priced $2 billion of senior unsecured bonds in the US market.
Woodside said in a statement the bonds will be issued by its unit Woodside Finance under the registration statement which was filed with the US Securities and Exchange Commission in February this year.
Also, the bond offering consists of $1.25 billion of 10-year bonds with a coupon of 5.1 percent and $0.75 billion of 30-year bonds with a coupon of 5.7 percent.
According to Woodside, the firm will use the funds for general corporate purposes.
Woodside expects settlement of the bonds to take place on September 12, 2024, subject to customary closing conditions.
Woodside announced on July 22 it has entered into a definitive deal to buy Tellurian, developer of the Driftwood LNG export project in Louisiana.
The company said the consideration for the transaction is an all-cash payment of about $900…
