BHP Group raises $3 billion through bond issuance in US
BHP Group, the world's largest listed miner, has 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 US and will be guaranteed by the miner. BHP will use the proceeds from the bonds for general corporate purposes.
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. The bonds will pay a fixed coupon rate between 5.0% and 5.30%.