July 08, 2025 • 1 min read
We’ve raised A$400 million through a new bond – here’s what that means
We’ve successfully raised A$400 million through a new seven-year bond, which will mature in May 2032. The strong response from global credit investors reflects confidence in our financial strength and long-term strategy.
So, what’s a bond – and why does it matter?
A bond is a way for us to borrow money from these investors to help provide ongoing working capital to support our global operations. In return, we agree to pay them back with interest over time. It’s a common financing option used by companies to secure long-term funding. For us, it means we’re not relying on just one source of finance – we’re building a more diversified, flexible and resilient funding base to support our future.
The offer attracted strong interest from Australian investment managers, with additional interest from across Asia-Pacific. At the time of issuance, credit investors had bids in excess of A$640 million – well above our A$400 million target. The transaction was led by Barclays/Barrenjoey, BofA Securities, Commonwealth Bank of Australia and HSBC following a global investor roadshow across APAC.
David Rowe, Group Treasurer of Worley, said, “The strong demand from investors allowed us to price within our target range and demonstrates confidence in Worley’s long-term outlook.”
This follows our first domestic bond issuance in 2023. Together, these transactions show how we’re building momentum and strengthening our presence in the Australian debt market.
This is part of a broader trend of more Australian companies returning to the bond market in 2025, supported by improved investor confidence and more stable interest rates. According to the ASX, bond issuance volumes have been rising steadily this year and investor demand remains strong.
“This deal reinforces our commitment to maintaining a strong and diversified funding base,” said Rowe.
