BHP Billiton’s A$1bn blockbuster could change Aussie market
BHP Billiton, the Anglo-Australian mining company, has priced its first benchmark Australian dollar bond for 11 years. The A$1bn 3.75% October 2017 note was printed as part of BHP’s attempt to diversify its funding base, and follows a contracting in spreads in Australian dollars over the summer.
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