By Cristal Cody
Tupelo, Miss., May 7 - BHP Billiton Finance Ltd. (A1/A+/) sold C$750 million of 3.23% 10-year senior medium-term notes to yield 3.237% on Tuesday in a maple bond offering in Canada, according to an informed source.
The notes priced at a spread of 143 basis points over the Canada bond curve.
RBC Capital Markets, Scotia Capital and TD Securities Inc. were the bookrunners.
The issue is guaranteed by BHP Billiton Ltd.
The deal priced under BHP's euro medium-term note program.
Proceeds will be used to refinance debt, including retiring commercial paper.
The company is the financing arm of Australia-based BHP Billiton plc.
| Issuer: | BHP Billiton Finance Ltd.
|
| Guarantor: | BHP Billiton Ltd.
|
| Amount: | C$750 million
|
| Maturity: | May 15, 2023
|
| Securities: | Senior medium-term notes
|
| Bookrunners: | RBC Capital Markets, Scotia Capital, TD Securities Inc.
|
| Coupon: | 3.23%
|
| Yield: | 3.237%
|
| Spread: | 143 bps over Canada bond curve
|
| Pricing date: | May 7
|
| Settlement date: | May 14
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Distribution: | Regulation S
|
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