New Woolworths 2019 underlines corporate pricing advantage

The A$500 million (US$521 million) seven-year deal launched and priced by Woolworths (A-) on March 14 continued a trend started by the same issuer last year, as the deal offered a notably tighter margin than recent major bank issuance. Woolworths also highlights the speed with which it was able to close the transaction as an indication of the domestic strength of its name.