Don’t believe the hype about BHP — but if a deal comes, it’ll be good

13 Nov 2007

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.