Wesfarmers Raises EUR600 Million in Oversubscribed Eurobond Issuance

An update from Wesfarmers Limited ( (AU:WES) ) is now available.

Wesfarmers Limited has successfully priced EUR600 million in seven-year senior unsecured notes, which will mature in June 2032. The issuance, under the company’s EUR 3 billion Euro Medium Term Note Programme, was heavily oversubscribed, reflecting strong investor demand in European and Asian markets. The proceeds, to be swapped into Australian dollars, will be used for general corporate purposes, taking advantage of favorable market conditions and diversifying the company’s debt maturity profile. The notes will be listed on the Singapore Exchange but not offered to retail investors in Australia.

The most recent analyst rating on (AU:WES) stock is a Hold with a A$69.00 price target. To see the full list of analyst forecasts on Wesfarmers Limited stock, see the AU:WES Stock Forecast page.

More about Wesfarmers Limited

Wesfarmers Limited is a diversified Australian company with operations in various sectors including retail, chemicals, fertilizers, industrial and safety products, and coal. It focuses on delivering strong returns to shareholders through disciplined capital management and a focus on sustainable growth.

Average Trading Volume: 1,522,756

Technical Sentiment Signal: Buy

Current Market Cap: A$94.65B

Find detailed analytics on WES stock on TipRanks’ Stock Analysis page.