BHP Billiton prices US$5.25bn bond
- Publishing Date
- 22 Feb 2012 5:02pm GMT
- Author
- Mining Journal
BHP Billiton priced a US$5.25 billion five-part global bond in the US and will use part of the proceeds to refinance debt.
The world's largest miner, which had about US$3.6 billion of cash at the end of 2011, said the funds will also be used to retire commercial paper and for general corporate purposes.
BHPB's global bond comprises US$1,000 million Senior Floating Rate Notes due 2014, US$1,000 million Senior Notes due 2015, US$1,250 million Senior Notes due 2017, US$1,000 million Senior Notes due 2022 and US$1,000 million Senior Notes due 2042.
The world's largest miner, which had about US$3.6 billion of cash at the end of 2011, said the funds will also be used to retire commercial paper and for general corporate purposes.
BHPB's global bond comprises US$1,000 million Senior Floating Rate Notes due 2014, US$1,000 million Senior Notes due 2015, US$1,250 million Senior Notes due 2017, US$1,000 million Senior Notes due 2022 and US$1,000 million Senior Notes due 2042.
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