BHP Billiton blows away market’s cobwebs with $6.5bn hybrid bond

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BHP Billiton blows away market’s cobwebs with $6.5bn hybrid bond

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After weeks of volatility and fractious executions in Europe's corporate bond markets, BHP Billiton has pulled off the biggest ever corporate hybrid bond sale, proving investors are open to buying even quite challenging deals, if they come with lashings of yield, writes Ross Lancaster.

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