BHP Billiton PLC Global Debt Investor Marketing Announcement (7674Z)
September 22 2015 - 1:42AM
UK Regulatory
TIDMBLT
RNS Number : 7674Z
BHP Billiton PLC
22 September 2015
NEWS RELEASE
Release Time IMMEDIATE
Date 22 September 2015
Number 19/15
GLOBAL DEBT INVESTOR MARKETING ANNOUNCEMENT
BHP Billiton has today announced that it will undertake a global
debt investor marketing effort across Europe, Asia and the United
States commencing 28 September 2015. Subject to market conditions,
it may then consider the issuance of multi-currency hybrid capital
instruments to institutional debt investors.
BHP Billiton is contemplating additional funding for general
corporate purposes, including refinancing existing near-term debt
maturities. The increasing interest in hybrid capital by global
debt investors combined with the relatively low interest rate
environment make this an opportune time for BHP Billiton to
consider hybrid capital instruments.
The additional advantages of hybrid capital instruments for BHP
Billiton include:
-- further diversification of BHP Billiton's debt investor base;
-- an expected 50 per cent equity : 50 per cent debt treatment
by the rating agencies, consistent with recent corporate issuances;
and
-- valuable flexibility to support growth and a solid A credit rating through the cycle.
BHP Billiton is not considering a hybrid that contains any
rights to convert the security into BHP Billiton shares.
BHP Billiton is rated A1 (outlook stable) by Moody's and A+
(outlook negative) by Standard & Poors.
The securities described in this announcement have not been, and
will not be, registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), or any state securities laws, and
may not be offered or sold in the United States absent an effective
registration statement covering such securities or an applicable
exemption from such registration requirements. This announcement is
being issued in accordance with Rule 135c under the Securities
Act.
Media Relations Investor Relations
Australia Australia
Emily Perry
Tel: +61 3 9609 2800 Mobile: Tara Dines
+61 477 325 803 Tel: +61 3 9609 2222 Mobile:
email: Emily.Perry@bhpbilliton.com +61 499 249 005
email: Tara.Dines@bhpbilliton.com
Paul Hitchins
Tel: + 61 3 9609 2592 Mobile: Andrew Gunn
+ 61 419 315 001 Tel: +61 3 9609 3575 Mobile:
email: Paul.Hitchins@bhpbilliton.com +61 402 087 354 email: Andrew.Gunn@bhpbilliton.com
Eleanor Nichols United Kingdom and South Africa
Tel: +61 3 9609 2360 Mobile:
+61 407 064 748 Jonathan Price
email: Eleanor.Nichols@bhpbilliton.com Tel: +44 20 7802 4131 Mobile:
United Kingdom and Americas +44 7990 527 726
Ruban Yogarajah email: Jonathan.H.Price@bhpbilliton.com
Tel: +44 20 7802 4033 Mobile:
+44 7827 082 022 Dean Simon
email: Ruban.Yogarajah@bhpbilliton.com Tel: +44 20 7802 7461 Mobile:
+44 7717 511 193
Jennifer White email: Dean.Simon@bhpbilliton.com
Tel: +44 20 7802 7462 Mobile:
+44 7827 253 764 Americas
email: Jennifer.White@bhpbilliton.com
James Agar
Tel: +1 212 310 1421 Mobile:
+1 347 882 3011
email: James.Agar@bhpbilliton.com
Joseph Suarez
Tel: +1 212 310 1422 Mobile:
+1 646 400 3803
email: Joseph.Suarez@bhpbilliton.com
BHP Billiton Limited ABN 49 BHP Billiton Plc Registration
004 028 077 number 3196209
Registered in Australia Registered in England and Wales
Registered Office: Level 16, Registered Office: Neathouse
171 Collins Street Place
Melbourne Victoria 3000 Australia London SW1V 1LH United Kingdom
Tel +61 1300 55 4757 Fax +61 Tel +44 20 7802 4000 Fax +44
3 9609 3015 20 7802 4111
Members of the BHP Billiton Group which is headquartered in
Australia
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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