INTERNATIONAL COAL NEWS

BHP prices $5B bond

GLOBAL mining giant BHP Billiton has priced a four-tranche global bond to raise $US5 billion ($A5...

Kristie Batten

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The bond was priced under the company’s debt shelf registration statement, which was previously filed with the US Securities and Exchange Commission.

The bond comprises $500 million senior floating rate notes due 2016, paying interest at three-month US dollar LIBOR plus 25 basis points, $500 million 2.05% senior notes due 2018, $1.5 billion 3.85% senior notes due 2023 and $2.5 billion 5% senior notes due 2043.

BHP said the proceeds would be used for general corporate purposes.

Barclays Capital, Goldman Sachs & Co and JP Morgan Securities in New York managed the offering.

BHP’s New York shares closed 1% up to $67.58 overnight, while its Australian shares closed A13c up to $36 yesterday.

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