BHP Group Limited (BHP) has conducted a bond offer and successfully priced US$3.0 billion of senior unsecured bonds in the US market.
The bonds will be issued by BHP Billiton Finance (USA) Limited, a wholly owned subsidiary of BHP, and will be issued under BHP's US debt registration statement, which was filed with the US Securities and Exchange Commission on 22 February 2023. The bonds will be guaranteed by BHP.
The bond offer comprises three tranches of bonds. The principal amount, tenor and coupon for each tranche of bonds are:
- US$1.00 billion five-year bonds priced at a fixed coupon of 5.000% maturing in 2030
- US$750 million seven-year bonds priced at a fixed coupon of 5.125% maturing in 2032
- US$1.25 billion ten-year bonds priced at a fixed coupon of 5.300% maturing in 2035
BHP intends to use the proceeds from the bonds for general corporate purposes.
Settlement of the bonds is expected to occur on 21 February 2025, subject to customary closing conditions.
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