REG - BHP Group Limited - BHP Prices US Bond Offer

BHPAnnouncement

06/09/2023 07:00

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RNS Number : 4875L  BHP Group Limited  06 September 2023

Exchange release

Date 6 September 2023

 

BHP Prices US Bond Offer

BHP Group Limited (BHP) has conducted a bond offer and successfully priced
US$4.75 billion of senior unsecured bonds in the US market.

The bonds will be issued by BHP Billiton Finance (USA) Limited, a wholly owned
subsidiary of BHP, under BHP's US debt registration statement, which was filed
with the US Securities and Exchange Commission on 22 February 2023. The bonds
will be guaranteed by BHP.

The bond offer comprises five tranches of bonds. The principal amount, tenor
and coupon for each tranche of bonds are:

·      US$850 million three-year bonds priced at a fixed coupon of
5.250% maturing in 2026

·      US$700 million five-year bonds priced at a fixed coupon of 5.100%
maturing in 2028

·      US$900 million seven-year bonds priced at a fixed coupon of
5.250% maturing in 2030

·      US$1.5 billion ten-year bonds priced at a fixed coupon of 5.250%
maturing in 2033

·      US$800 million thirty-year bonds priced at a fixed coupon of
5.500% maturing in 2053

BHP intends to use the proceeds from the bonds, together with cash on hand, if
applicable, to repay the acquisition facility used for the acquisition of OZ
Minerals Ltd and for other general corporate purposes.

Settlement of the bonds is expected to occur on 8 September 2023, subject to
customary closing conditions.

This announcement is not an offer to sell or the solicitation of an offer to
buy securities. The offer is being made pursuant to an effective shelf
registration statement filed with the U.S. Securities and Exchange Commission
("SEC"). The offer is being made only by means of a prospectus and related
prospectus supplement. The prospectus and related preliminary prospectus
supplement may be obtained by visiting the SEC's website at www.sec.gov. 
Alternatively, you may request these documents by calling Citigroup Global
Markets Inc. at 1‑800-831-9146, Deutsche Bank Securities Inc. at
1-800-503-4611, Goldman Sachs & Co. LLC at 1‑866-471-2526, J.P. Morgan
Securities LLC at 1-212-834-4533 or Scotia Capital (USA) Inc. at
1‑800-372-3930.

No offer to sell, invitation or the solicitation of an offer to purchase, or
invitation to purchase these securities will be made, nor shall any sale of
these securities be made, in any jurisdiction in which such offer, invitation,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.

 

Authorised for release by Stefanie Wilkinson, Group Company Secretary.

 Contacts
 Media                                        Investor Relations

 media.relations@bhp.com                      investor.relations@bhp.com
 Australia and Asia                           Australia and Asia

 Gabrielle Notley                             John-Paul Santamaria

 +61 411 071 715                               +61 499 006 018
 Europe, Middle East and Africa               Europe, Middle East and Africa

 Neil Burrows                                 James Bell

 +44 7786 661 683                             +44 7961 636 432
 Americas                                     Americas

 Renata Fernandaz                             Monica Nettleton

 +56 9 8229 5357                              +1 (416) 518-6293
 BHP Group Limited

 ABN 49 004 028 077

 LEI WZE1WSENV6JSZFK0JC28

 Registered in Australia

 Level 18, 171 Collins Street

 Melbourne

 Victoria 3000 Australia

 Tel: +61 1300 55 4757 Fax: +61 3 9609 3015

 BHP Group is headquartered in Australia

 bhp.com

 

 

 

 

 

 

 

 

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