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BHP Billiton Launches Bond Repurchase Plan

21 Feb 2017  |  17:24:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: BHP Billiton Launches Bond Repurchase Plan

BHP Billiton announced on 21 February 2017, that the Board has approved a bond repurchase plan of up to US$2.5bn. The plan will target 2018, 2019, 2021, 2022 and 2023 US dollar denominated notes and be funded by the Company's strong US$14bn cash position. Early repayment of these bonds will extend the Group's average debt maturity profile and enhance the Company's capital structure. BHP Billiton Finance (USA) announced offers to purchase up to US$1,950m aggregate purchase price (excluding accrued interest) of the 2019, 2021, 2022 and 2023 notes, and the redemption of its US$500m 2.050% senior notes due 2018.

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