MARKETS

BHP prices more bonds

BHP Billiton has priced a Canadian bond under its euro medium-term note program.

Kristie Batten
BHP prices more bonds

The Canadian bond issue comprises $C750 million ($A732.8 million) 3.23% bonds due 2023.

The company said the proceeds would be used for debt refinancing, including the retirement of commercial paper.

It comes only two weeks after the miner priced a euro bond under the same program.

That bond issue comprised €750 million 3.125% bonds due in 2033 with the proceeds to be used for debt refinancing.

BHP shares closed 2.4% up yesterday to $A33.67.

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