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BHP Group Ltd - Australian mining company - Prices USD2.75 billion of senior unsecured bonds in the US market. The bonds will be issued by its unit BHP Billiton Finance and they will be guaranteed by BHP. Says USD1.0 billion in three-year bonds are priced at a fixed coupon of 4.875% maturing on February 27, 2026. In addition, USD1.0 billion in five-year bonds are priced at a fixed coupon of 4.750% maturing on February 28, 2028, and USD750 million in ten-year bonds are priced at a fixed coupon of 4.900% maturing on February 28, 2033.
BHP intends to use the proceeds from the bonds for general corporate purposes.
Stock price close in Johannesburg: ZAR577.33
12-month change: up 19%
Stock price close in London: 2,627.72 pence
12-month change: up 12%
By Artwell Dlamini, Alliance News reporter
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