Woolworths mulls Asian raising

Retailer may look to cheap Asian debt to finance $3bn purchase of ParknShop.

Woolworths (WOW) will consider borrowing cheap Asian debt or an equity raising if it decides to push forward with its first offshore expansion since 2005 with the $3 billion acquisition of grocery chain ParknShop, The Australian Financial Review reports.

According to the newspaper, the supermarket giant may look to outbid rivals - Japan’s Aeon and Thailand’s Charoen Pokphand Group – by tapping Asian markets rather than domestic or US markets.

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