Don’t believe the hype about BHP — but if a deal comes, it’ll be good
Reports of Citigroup underwriting a $70bn loan for BHP Billiton are probably exaggerated. But if at some point BHP does come to the loan market to finance a bid for Rio Tinto, the deal is likely to be well received.
Market rumours abound that BHP Billiton, the Anglo-Australian mining company, plans to syndicate a $70bn (Eu48bn) deal, partly to finance its proposed takeover of UK rival Rio Tinto.If these rumours are correct and that is far from certain it is hugely audacious on the part ...
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