22nd Sep 2015 06:48
LONDON (Alliance News) - Anglo-Australian mining giant BHP Billiton PLC on Tuesday said it is considering raising new funds and is kicking off a marketing effort across Europe, Asia and the US.
BHP said that, subject to market conditions, it may "consider the issuance of multi-currency hybrid capital instruments to institutional debt investors."
The group said it is considering raising new funding for general corporate purposes, including refinancing its debt, and said there is currently a robust appetite for hybrid capital amongst global debt investors.
It added it is not considering an issue that would contain any rights to convert holdings into BHP shares.
By Sam Unsted; [email protected]; @SamUAtAlliance
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