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Australia's Wesfarmers eyes hybrid issuance

Thu Feb 21, 2008 9:23pm EST
 
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MELBOURNE, Feb 22 (Reuters) - Australian conglomerate Wesfarmers Ltd (WES.AX: Quote, Profile, Research, Stock Buzz) Finance Director Gene Tilbrook said the company would consider hybrid or convertible debt issues as part of its refinancing this year.

He told an analyst briefing that Wesfarmers has A$4 billion ($3.6 billion) due to be refinanced by October and will also consider Australian and offshore medium-term debt. ($1=A$1.09) (Reporting by Victoria Thieberger)

 

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