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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
BHPS's share price was down 1.48% in morning trading.
BS
-
Side hustle tax changes: HMRC reforms could save thousands from filing self-assessment tax returnsThe government plans to raise the tax-free threshold for trading income – here is how it could help your side hustle
-
Return to the office: is working from home coming to an end?More and more employers want their staff to return to the office. Is it a good idea?
