The material on this website in relation to the borrowings of Woolworths Group Limited and its related bodies corporate (together called the "Woolworths Group") is provided for information and as a matter of record only.
Access to the information in this part of the website (the “Information”) is subject to the following terms and conditions:
This website is for information purposes only and is not intended to constitute an offer or invitation in relation to the issue, sale or purchase of any securities in Australia, the United States or any other jurisdiction. It is not, nor is it intended to be, a prospectus or product disclosure statement for the purposes of Chapter 6D.2 or Chapter 7 of the Corporations Act 2001 of Australia (the “Corporations Act”), financial product or investment advice, or a recommendation to acquire Woolworths Group securities. The Information is not addressed to any person in a jurisdiction where access to it or any use of it would result in a contravention by the Woolworths Group or any other person or entity of the laws of that jurisdiction and is intended to be accessed only in such circumstances as may be permitted by applicable law. In particular, the Information:
The Information has been prepared without taking into account the jurisdiction, objectives, financial situation or needs of individuals. No money, securities or other consideration is being solicited and, if sent in response to the Information, will not be accepted. Any offering of any security or other financial instrument that may be related to the subject matter of this website will be made pursuant to separate and distinct offering documentation and, in such case, the Information will be superseded in its entirety by any such offering documents in their final form. Before making any future investment decision, prospective investors should consider the appropriateness of the Information having regard to their own objectives, financial situation and needs and seek legal and taxation advice appropriate to their jurisdiction. Nothing in this website constitutes an invitation to enter into any contract or other arrangement (whether legally binding or not).
The credit ratings in this part of the website 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. The credit ratings are published for the benefit of Woolworths Group’s debt providers and for information only. The credit ratings must not be used, and Woolworths does not intend to authorise their use, in the support of or in relation to the marketing of financial products to retail investors (within the meaning of section 761G of the Corporations Act) in Australia.
No representation or warranty, expressed or implied, is made as to the fairness, accuracy, completeness or correctness of the Information (including any opinions and conclusions) contained in this website. To the maximum extent permitted by law, none of Woolworths Group and its related bodies corporate, or their respective directors, employees or agents, nor any other person accepts liability for any loss arising from the use of the Information or the website contents or otherwise arising in connection with it, including, without limitation, any liability from fault or negligence.
The Information may contain forward-looking statements including statements regarding our intent, belief or current expectations with respect to Woolworths Group’s business and operations, market conditions, results of operations and financial condition, specific provisions and risk management practices. When used in this website, the words ‘plan’, ‘will’, ‘anticipate’, ‘expect’, ‘may’, ‘should’ and similar expressions, as they relate to Woolworths Group and its management, are intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and assumptions and other important factors that could cause the actual results, performances or achievements of Woolworths Group to be materially different from future results, performances or achievements expressed or implied by such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. In addition, past performance is no guarantee of future performance.
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By accessing and reading the Information, you agree to these Terms and Conditions.
Capital markets debt
Domestic borrowings
| Issue amount | Outstanding amount | Coupon | Maturity | Tenor (years) | Documentation |
|---|---|---|---|---|---|
AUD350m | AUD350m | 1.85% | Nov-27 | 6 | |
AUD600m | AUD600m | 2.80% | May-30 | 10 | Offering Circular |
| AUD650m | AUD650m | 5.762% | Apr-31 | 7.5 | Information Memorandum |
AUD350m | AUD350m | 2.75% | Nov-31 | 10 | |
| AUD800m | AUD800m | 5.91% | Nov-34 | 10 | Information Memorandum |
* All bonds issued under Woolworths' AMTN programme are Eligible Securities as defined by the Reserve Bank of Australia (RBA). As such, they are eligible for purchase by the RBA under a repurchase agreement. | |||||
Offshore borrowings
| Issue amount | Outstanding amount | Coupon | Maturity | Tenor (years) | Documentation |
|---|---|---|---|---|---|
EUR550m | EUR550m | 0.375% | Nov-28 | 7 | |
| EUR500m | EUR500m | 3.75% | Oct-32 | 7.5 | Offering Circular |
Commercial paper program
Woolworths Group may, from time to time, utilise unsecured debt to finance short-term liquidity requirements.
Commercial paper is a short-term unsecured debt security that a company issues in exchange for cash. Outstanding commercial paper volumes will depend upon Woolworths Group's short-term financing needs.
1 Bank debt drawn as at 28 June 2026 with short-term drawn uncommitted facilities included in F27 maturities. Excludes lease liabilities and undrawn committed bank debt.
2 As at 28 June 2026 the Group had $357 million of commercial paper outstanding, supported by access to committed bank facilities.
Woolworths Group has chosen to create a Sustainability Linked Bond Framework in order to align its sustainability plan with its long term financing strategy.
Woolworths Group cares deeply about its impact on people and the planet, and we want to go further than just minimising harm – we want to create good. This will be done through ongoing improvement of how Woolworths Group conducts its own business, including how it engages its people and the communities in which it operates.
The documents relevant to our Sustainability Linked Bond Framework are set out as below:
A$350m Nov-27, EUR550m Nov-28, A$350m Nov-31 Sustainability Linked Bond Report
Introduction
Woolworths Group’s previous scope 1 and 2 emissions reduction target, validated by the Science Based Target initiative (SBTi) in 2020, is aligned with a 1.5°C pathway. SBTi is an independent global body formed by the United Nations Global Compact, CDP, the World Resources Institute and the World Wildlife Fund for Nature. SBTi assesses and approves company targets through a scientific lens, to align with the Paris Agreement goal of pursuing efforts to limit warming to 1.5°C.
In F24, Woolworths Group updated its applicable near-term emissions reduction target to reduce scope 1 and 2 emissions by 80% by F30, from a F23 baseline. This updated target is aligned with a 1.5°C pathway and has been validated by the SBTi.
Basis of Preparation
The updated emissions reduction target uses:
● An operational control approach to define the emissions boundary.
● A market-based approach for calculating our scope 2 emissions.
Woolworths Group reports in compliance with the NGER Measurement Determination, NZ Ministry for the Environment Emissions Measurement Guide, National Greenhouse Accounts Factors and the Greenhouse Gas (GHG) Protocol Corporate Standard.
Material scope 1 emissions sources include fugitive synthetic refrigerants, transport fuel for company-owned or company-controlled fleet cars and home delivery trucks, and natural gas.
Scope 2 (market-based) emissions are those associated with purchased electricity used across all stores, distribution centres and offices, and they comprise the largest part of our operational footprint. Scope 2 (market-based) emissions include unbundled procurement of energy attribute certificates (i.e. LGC procurement from the market) acquired for F26 grid electricity consumption. All relevant certificates were surrendered prior to the release date of the Group’s F26 Sustainability Report, in line with GHG protocols and internal policies that are applied consistently each year.
Baseline and restatements
In F24, we were required to reset our previous F15 base year to a F23 base year due to organisational changes, such as the demerger of Endeavour Group and the acquisitions of PFD Foods and Quantium. This also considered updates to our calculation methodologies and emissions factors in line with the GHG Protocol to support more accurate tracking of our emissions over time.
Our aim to reduce absolute scope 1 and 2 GHG emissions by 80% by F30 from a F23 base year is the applicable SBTi target for the Sustainability Linked Bonds test at the end of F26.
Performance against SBTi
As per the terms of the Sustainability Linked Bonds and the Sustainability Linked Bond Framework, F26 is the second financial year that the Group is required to test its scope 1 and 2 emissions reduction against the SBTi verified target trajectory. Accordingly, our scope 1 and 2 emissions reduction performance (expressed as a percentage) is shown below:
Year | Scope 1 and 2 emissions – market-based | |
| tCO2e | % reduction |
F23 - baseline¹ | 1,941,581 | N/A |
F24 | 1,767,284 | (9.0%) |
F25 | 1,497,791 | (22.9%) |
F26 | 1,067,630 | (45.0%) |
1 In F25, SBTi confirmed that it was appropriate for Woolworths Group to adjust the baseline from 2015 to 2023, to account for organisational structure changes, such as acquisitions and divestments.
SLB Test Date
As of 28 June 2026, the Test Date, Woolworths Group’s Reduction Percentage was 45%. This was greater than the Reduction Percentage Threshold, being the straight line interpolated target derived from our target to reduce scope 1 and 2 emissions by 80% by F30.
As such, the Group has fulfilled its obligations under the EUR 550m Nov-28 bonds and no Coupon Step Up Event has occurred with respect to these bonds.
More information on our SBTi targets can be found in the Woolworths Group 2026 Annual Report and Sustainability Report here.
Assurance reports
Issuance documentation
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.
Capital Management Framework (as at 28 June 2026)
Woolworths Group is committed to solid investment grade credit ratings.
Credit rating agency | Long term | Short term |
Standard & Poor's | BBB (stable) | A2 |
Moody’s | Baa2 (stable) | N/A |
* 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.
For all debt related questions, please contact treasuryau@woolworths.com.au.
