(Bloomberg) -- The perceived risk of owning the
bonds of Coles Group Ltd., Australia's second-biggest retailer,
could rise to a record if a takeover led by Wesfarmers Ltd.
increases debt and pushes its credit rating below investment
grade, according to Lehman Brothers Holdings Inc.
Wesfarmers, Australia's biggest home improvement retailer,
is seeking to raise about A$12 billion ($10.2 billion) to fund an
offer for Coles, two people with direct knowledge of the matter
said last week.
Read more at Bloomberg Bonds News
bonds of Coles Group Ltd., Australia's second-biggest retailer,
could rise to a record if a takeover led by Wesfarmers Ltd.
increases debt and pushes its credit rating below investment
grade, according to Lehman Brothers Holdings Inc.
Wesfarmers, Australia's biggest home improvement retailer,
is seeking to raise about A$12 billion ($10.2 billion) to fund an
offer for Coles, two people with direct knowledge of the matter
said last week.
Read more at Bloomberg Bonds News
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