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The Financial Post reported that BHP’s first maple bond offering was met with enthusiasm from investors, who snapped up $750-million of the 10-year bonds.

The Financial Post reported that BHP’s first maple bond offering was met with enthusiasm from investors, who snapped up $750-million of the 10-year bonds.

As quoted in the Financial Post report:

The notes, sold by private placement, were rated by Moody’s and A+ by Standard & Poor’s. The notes were priced at a $99.941 per $100 face value, which resulted in slightly less than $750-million in gross proceeds and a slightly higher yield to maturity (3.237%) than the 3.23% coupon. The notes were issued off of the company’s European medium term note shelf and will be guaranteed by BHP Billiton Limited.

To view the whole Financial Post report, click here.

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