GC Asia
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 ...Please take a trial or subscribe to access this content.
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