BHP Prices US Bond Offer
NEWS RELEASE
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Release Time |
IMMEDIATE |
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Date |
24 February 2023 |
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Release Number |
3/23 |
BHP PRICES US BOND Offer
BHP Group Limited (BHP) has conducted an offer and successfully priced US$2.75 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, 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 offering comprises three tranches of bonds. The principal amount, tenor and coupon for each tranche of bonds are:
· US$1.0 billion in three-year bonds priced at a fixed coupon of 4.875% maturing on 27 February 2026
· US$1.0 billion in five-year bonds priced at a fixed coupon of 4.750% maturing on 28 February 2028
· US$750 million in ten-year bonds priced at a fixed coupon of 4.900% maturing on 28 February 2033
BHP intends to use the proceeds from the bonds for general corporate purposes.
Settlement of the bonds is expected to occur on 28 February 2023, subject to customary closing conditions.
This announcement is not an offer to sell or the solicitation of an offer to buy securities. The offer is being made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission ("SEC"). The offer is being made only by means of a prospectus and related prospectus supplement. The prospectus and related preliminary prospectus supplement may be obtained by visiting the SEC's website at www.sec.gov. Alternatively, you may request these documents by calling Barclays Capital Inc. at 1-888-603-5847, BofA Securities, Inc. at 1-800-294-1322, BNP Paribas Securities Corp. at 1-800-854-5674, MUFG Securities Americas Inc. at 1-877-649-6848 or Santander US Capital Markets LLC at 1-855-403-3636.
No sale or offer to sell these securities or invitation or solicitation of an offer to purchase these securities will be made in any jurisdiction in which such offer, invitation, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Authorised for lodgement by:
Stefanie Wilkinson
Group Company Secretary
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Media Relations
Email: media.relations@bhp.com |
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Investor Relations
Email: investor.relations@bhp.com |
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Australia and Asia Gabrielle Notley
Tel: +61 3 9609 3830
Europe, Middle East and Africa
Neil Burrows
Tel: +44 20 7802 7484
Americas
Renata Fernandaz Mobile: +56 9 8229 5357
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Australia and Asia John-Paul Santamaria Mobile: +61 499 006 018
Europe, Middle East and Africa
James Bell
Tel: +44 2078 027 144
Americas
Monica Nettleton Mobile: +1 (416) 518-6293 |
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BHP Group Limited ABN 49 004 028 077 LEI WZE1WSENV6JSZFK0JC28 Registered in Australia
Registered Office: Level 18, 171 Collins Street |
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