tiprankstipranks
Trending News
More News >

Wesfarmers Raises EUR600 Million in Oversubscribed Eurobond Issuance

Story Highlights
Wesfarmers Raises EUR600 Million in Oversubscribed Eurobond Issuance

Confident Investing Starts Here:

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.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App