BHP prices $US5bn bond offering

Offer comprises four tranches, priced at 25 bps to 5% over 3-month US dollar Libor rate

BHP Billiton (BHP) has priced a four-tranche global bond offering, which it says will be used to raise proceeds for “general corporate purposes”.

The global bond offering comprises $US500 million senior floating rate notes due in 2016, paying 25 basis points over the 3-month US dollar Libor rate.

In addition $US500 million worth of senior notes, due in 2018, have been priced at 2.050%.

Another $1.5 billion of senior notes, due in 2023, have been priced at 3.85%, while $2.5 billion worth of senior notes, due in 2043, have been priced at 5%. 

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