Wesfarmers won't call €500 million 3.875% notes due 2015

By Angela McDaniels

Tacoma, Wash., Feb. 16 - Wesfarmers Ltd. said it will not exercise its call option for its €500 million of 3.875% notes due 2015.

Accordingly, the company executed a deed of covenant under which it covenanted in favor of the noteholders not to exercise the issuer call, according to a company news release.

The notes were issued on March 10, 2010 and are listed on the Singapore Exchange Securities Trading Ltd.

Wesfarmers is a retailer based in Perth, Australia.

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