BHP raises $3 billion through US bond issue
BHP Group, the world’s largest listed miner, on Wednesday said it raised $3 billion through an issue of senior unsecured bonds in the United States.
The bonds will be issued in three tranches by BHP’s subsidiary in the United States and will be guaranteed by the miner. It will use the proceeds from the bonds for general corporate purposes, BHP said.
The principal amounts on the three tranches range from $750 million to $1.25 billion with a tenor ranging from five years to a decade. It will pay a fixed coupon rate between 5.0% and 5.30% on the bonds.
(By Sameer Manekar; Editing by Anil D’Silva)
Read More: BHP slashes dividend after first-half profit dives
More News
Column: Europe’s future metals strategy hindered by current crisis
Chinese over-capacity and high energy prices have accelerated the long-term decline of European steel and aluminum production.
March 29, 2025 | 02:25 pm
Anglo starts talks with banks on possible De Beers IPO
Anglo is pursuing a dual-track process in its effort to exit De Beers by trying to find a buyer for the struggling business.
March 28, 2025 | 12:19 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments