As the Eurozone appears to be heading over the event horizon into a black hole of debt, investors are wondering where to put their money. Cue, stage left, BHP Billiton, the global mining giant.
BHP is entering the bond market to raise $3bn for what it describes for "general corporate purposes" and to pay back outstanding debts.
There will be three tranches: $1,000m at 1.125% due 2014, $750m at 1.875% due 2016, and $1,250m at 3.250% due in 2021.
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BHPS's share price was down 1.48% in morning trading.
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