BHP Billiton has sold US$3.25 billion of medium to long term global bonds in two tranches.
The bonds were priced under BHP’s debt shelf registration statement, which has been previously filed with the U.S. Securities and Exchange Commission.
US$1.5 billion of the notes were offered as senior notes with a 5.5 per cent coupon due in 2014, and the other US$1.75 billion offered as senior notes with a 6.5 per cent coupon maturing in 2019.
BHP did not give specific details as to how the money will be used.
“The proceeds will be used for general corporate purposes,” the company said.
The joint book runners for the sale were Barclays Capital, Citigroup Global Markets and Goldman Sachs.