SYDNEY (Indonesia Today) – BHP Billiton, the world’s largest mining company, has priced a two tranche Euro bond and a two tranche Sterling bond under its Euro Medium Term Note Program.
The Euro bond issue comprises EUR1,250 million 2.250% bonds due 2020 and EUR750 million 3.250% bonds due 2027. ??The Sterling bond issue comprises GBP750 million 3.250% bonds due 2024 and GBP1,000 million 4.300% bonds due 2042.
“The proceeds will be used for general corporate purposes and in part, redemption of the group???s commercial paper program,” BHP said this morning.
BHP Billiton shares down 0.96% to A$33.89 to make its market capitalization at A$180.4 billion. The stock has dropped 15% from its peak late last year. (bintang@theindonesiatoday.com)