(Alliance News) - BHP Group PLC said on Friday announced the pricing and early acceptance of tenders for its multi-currency note repurchase plan.
The Anglo-Australian mining company said the USD2.25 billion in notes at a yield of 0.263% will have an early consideration of USD1,230.38 per USD1,000, with a final acceptance amount of USD1.50 billion. The principal amount outstanding after early settlement will be USD745.8 million.
For the EUR750.0 million notes with a negative yield of 0.451%, these will have an early consideration of EUR1,182.01 per EUR1,000 with a final acceptance amount of EUR35.3 million. The principal amount outstanding after early settlement is USD745.8 million.
The early settlement date for the notes is expected to be September 21.
Both offers are scheduled to expire end September 30.
Lead dealer managers include: Deutsche Bank AG, Merrill Lynch International, JP Morgan Securities and Lucid Issuer Services Ltd.
The exchange rate used for pricing was EUR1.00 to USD1.1808.
BHP said that the tenders submitted and not withdrawn by the early tender deadline exceeded the offer cap of USD1.90 billion.
BHP shares were up 1.3% at ZAR374.63 each in Johannesburg around midday. They were up 1.8% at 1,790.20 pence in London.
By Greg Roxburgh; gregroxburgh@alliancenews.com
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BHP Group (BHP)