15th Oct 2015 06:21
LONDON (Alliance News) - Anglo-Australian miner BHP Billiton PLC on Thursday said it has priced USD3.25 billion in subordinated fixed-rate reset notes in the dollar market.
BHP said the note issue has been completed in two tranches, one of USD1.0 billion and one of USD2.25 billion.
The dollar issuance follows euro and sterling deals announce late Wednesday. BHP said it had 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.
The proceeds of all the note issuances will be used for general corporate purposes including, but not limited to, repaying BHP's debt, the company said.
By Sam Unsted; [email protected]; @SamUAtAlliance
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