14th Oct 2015 17:24
LONDON (Alliance News) - Australia-based mining company BHP Billiton PLC said Wednesday it has priced EUR2.0 billion of subordinated fixed rate reset notes in the euro market across two trances, and GBP600 million of subordinated fixed rate reset notes in the sterling market.
It said it will use the proceeds for general corporate purposes, which may include the repayment of its existing debt.
Settlement of the notes is expected to take place October 22.
Shares in BHP Billiton closed down 0.4% at 1,157.56 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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