BHP Billiton returns to the Australian bond market for the first time in 11 years, selling...

|About: BHP Billiton Limited (BHP)|By:, SA News Editor
BHP Billiton returns to the Australian bond market for the first time in 11 years, selling $1.02B in 5-year notes. Unconcerned with the reversal in Oz's mining boom, investors bid for about twice the amount of paper offered, and the issue was priced at a lower yield than what higher-rated Aussie banks must pay.