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On 19 February 2025, BHP Group Limited priced a US$3.0 billion senior unsecured bond offer in the US market, with bonds to be issued by its wholly owned subsidiary BHP Billiton Finance (USA) Limited and guaranteed by BHP. The offer consists of three tranches: US$1.00 billion at 5.000% maturing 2030, US$750 million at 5.125% maturing 2032, and US$1.25 billion at 5.300% maturing 2035, with settlement expected on 21 February 2025.
| Date | 19 Feb 2025 |
| Time | 07:00:02 |
| Category | Capital structure |
| ID | 6009X |
19 February 2025
BHP Group Limited (BHP) has conducted a bond offer and successfully priced US$3.0 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, and will be issued 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 three tranches of bonds. The principal amount, tenor and coupon for each tranche of bonds are:
· US$1.00 billion five-year bonds priced at a fixed coupon of 5.000% maturing in 2030
· US$750 million seven-year bonds priced at a fixed coupon of 5.125% maturing in 2032
· US$1.25 billion ten-year bonds priced at a fixed coupon of 5.300% maturing in 2035
BHP intends to use the proceeds from the bonds for general corporate purposes.
Settlement of the bonds is expected to occur on 21 February 2025, 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 contacting Barclays Capital Inc. by telephone at +1 (888) 603-5847, BofA Securities, Inc. by telephone at +1 (800) 294-1322, Mizuho Securities USA LLC by telephone at +1 (866) 271-7403, Santander US Capital Markets LLC by telephone at +1 (855) 403-3636, or SMBC Nikko Securities America, Inc. by email at [email protected].
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 General Counsel and Group Company Secretary.
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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
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