CAPITAL MARKETS

BHP unveils bond issue

MINING giant BHP Billiton has priced a 2 billion ($A2.6 billion) bond, with the proceeds to be us...

Kristie Batten

This article is 12 years old. Images might not display.

The two-tranche bond was priced under BHP's euro medium term note program.

The bond issue comprises €1.25 billion of 2.125% bonds due in 2018 and €750 million 3% bonds due in 2024.

It comes after the company sold $5.25 billion in bonds in the US market in February, with proceeds to be used to repay existing debt.

Those bonds were assigned a rating of A1 by Moody's.

BHP shares were unchanged at $A30.93 in Australia this morning after its London shares fell 4.4% overnight.

TOPICS:

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

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

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG 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 Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.