The Distillery: Bond eye

Jotters examine the motives behind BHP Billiton’s bond issue, and find little but gas in a NSW talk-fest.

BHP Billiton is raising money from a bond issue in the US and could raise hell in the world potash markets according to two business journalism veterans. Also in this morning’s edition of The Distillery, the New South Wales gas market is facing the most immediate threat from Australia’s move into export markets and very little progress is being made to rectify that. 

Fairfax’s Malcolm Maiden says the first theory about BHP Billiton’s bond issue is short-term – that the miner is wary about the rising cost of debt.


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