Woolworths Ltd
(ASX:WOW) has launched a $500 million bond deal.
The benchmark five year issue is expected to price by tomorrow at around 110 basis points over swap.
ANZ and Westpac are joint lead managers on the deal and it is to be rated A-minus by S&P.
In the year ended on 30 June 2010, Woolworths posted a net profit of $1.2 billion.
