BHP Billiton $6.5 billion hybrid bond issue

Overview:

• BHP Billiton has issued $6.5 billion in hybrid notes.
• The bonds are denominated in dollars, euros and pounds.
• The issue consists of $2.25 billion of dollar-denominated notes due in 2075, €2 billion of euro denominated notes and £600 million in sterling denominated notes.
• Barclays Bank, Goldman Sachs, Bank of America Merrill Lynch and BNP Paribas acted as joint bookrunners. Citicorp acted as trustee.

Sam Duke - Editor