Debt Investors
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Funding & Liquidity
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Woolworths Group manages its capital structure with the objective of enhancing long‑term shareholder value through funding its business at an optimised weighted average cost of capital.
Debt maturity profile at 28 June 2020
- Sources of funding and liquidity remain strong
1. Total committed facilities (drawn and undrawn)
Capital markets debt
Issue amount Outstanding amount Coupon Maturity Tenor (years) Documentation USD750m USD617m 4.00% Sep-20 10 ISIN: US980888AD39
Offering memorandumJPY20bn JPY20bn 0.77% Nov-20 5 Pricing Supplement USD550m USD438m 4.55% Apr-21 10 ISIN: US980888AF86
Offering memorandumAUD400m* AUD400m 2.85% Apr-24 5 Offering Circular AUD400m* AUD400m 1.85% May-25 5 Offering Circular AUD600m* AUD600m 2.80% May-30 10 Offering Circular
Term Sheet* The Green Bond A$400m 2024 AMTN and the recent A$400m 2025 AMTN & A$600m 2030 AMTN are now Eligible Securities as granted by the Reserve Bank of Australia.
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Green Bonds
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Woolworths Group was the first retailer in Australia, and first supermarket globally, to issue Green Bonds certified by the Climate Bonds Initiative.
Green Bonds are bonds issued to finance projects, assets or expenditure that deliver positive environmental outcomes or refinance corporate debt that supports such projects, assets or expenditure. We have developed our Green Bond Framework in line with the Green Bond Principles 2018 developed by the International Capital Markets Association.
The documents relevant to our Green Bond issuance(s) are set out below:
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Capital management
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Woolworths Group returns capital to shareholders when consistent with its long-term capital structure objectives and where it will enhance shareholder value.
Buy-Back 2019
As part of our capital management strategy, Woolworths Group successfully completed its A$1.7bn off-market buy-back on 27 May 2019. 58.7 million shares were brought back and subsequently cancelled.The key documents below should not be distributed or released in or into the United States or Canada.- Successful completion of A$1.7 billion off-market Buy-Back
- Class ruling: off-market share buy-back
- Buy-Back Booklet
- ASX documents
Woolworths Notes
- Woolworths Notes were redeemed on 15 September 2011 for $100 face value per Woolworths Note (click here to access the ASX announcement)
- Woolworths Notes II were redeemed on 24 November 2016 for $100 face value per Woolworths Note II (click here to access the ASX announcement)
- Woolworths Income Notes (WINs) were redeemed on 5 June 2006 for $100 face value per WIN (click here to access the ASX announcement)
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Credit ratings
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Woolworths Group is committed to solid investment grade credit ratings.
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Credit metrics have significant headroom above thresholds for current ratings
Standard & Poor'sMoody's BBB (stable outlook)* Baa2 (stable outlook)* * These credit ratings have been issued by a credit rating agency which holds an Australian Financial Services Licence with an authorisation to issue credit ratings to wholesale clients only and are published for the benefit of Woolworths Group’s debt providers.
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Banking and Finance Oath
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Commitment to BFO
The Group Treasury team is the first corporate treasury team in Australia to be recognised as 100% committed to The Banking and Finance Oath (“the BFO”).
The Banking and Finance Oath (“the BFO”) is an industry-led initiative designed to strengthen the ethical foundation of the financial services industry by encouraging self-reflection and ethical decision-making. Read more about the BFO here.
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Contact
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Group Treasury
(Debt investors and analysts)
By email:
grouptreasury@woolworths.com.au
