BHP Billiton stands firm as volatility empties market

03 Oct 2002

BHP Billiton raised Eu750m of five year funding at the tight end of price talk this week, showing that despite the volatility that has drained the European corporate pipeline of supply, the right credits can raise funding at competitive levels.

While issues for credits including Hewlett-Packard, Hutchison Whampoa, Electricité de France, Lafarge, Volvo and Parmalat have been pulled, BHP Billiton was able to capture investors' imagination and cash with its credit story and offer of diversification. A Eu1.3bn book allowed the company to secure the maximum Eu750m it ...

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