BHP Issues $1B In Aussie Bonds As Mine Costs Grow

Law360, New York (October 9, 2012, 7:02 PM EDT) -- Mining giant BHP Billiton Ltd. has made its first Australian bond issuance in more than a decade, pricing $1 billion in fresh five-year bonds on Tuesday as it continues to see capital costs at its biggest mining projects grow.

The proceeds aren't tied to any specific project, the company said, but will instead help the mining and energy giant meet capital needs across its global portfolio, which includes Australian iron ore, Texas oil and Chilean copper.

The notes will pay 3.75 percent interest and mature in...
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