PERTH (miningweekly.com) – Mining multinational BHP Billiton has priced a $5.25-billion five-part global bond to the US securities market.

The global bond includes a $1-billion senior floating rate note, due in 2014, at a three-month interest rate of London interbank offered rate plus 27 basis points, as well as fixed rate maturities due in 3, 5, 10 and 30 years respectively.

The miner said in a statement that the proceeds of the bond would be used to refinance its debt, including the retirement of commercial paper, as well as for general corporate purposes.
 

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