MARKETS

BHP prices $5B bond

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

Kristie Batten
BHP prices $5B bond

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.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production