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BRIEF-Bhp Billiton announces final results of BHP Billiton Bond Repurchase Plan

Published 21/03/2017, 03:51 pm
© Reuters.  BRIEF-Bhp Billiton announces final results of BHP Billiton Bond Repurchase Plan
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March 21 (Reuters) - Bhp Billiton (LON:BLT) Ltd BHP.AX :

* Bhp Billiton Finance (USA) announced expiration of its previously announced tender offers for its US$1.25 billion 3.250% senior notes due 2021

* Early repayment of bonds has extended Bhp Billiton's average debt maturity profile and enhanced Bhp Billiton's capital structure

* Bhp Billiton has used its strong cash position to fund its US$2.5 billion bond repurchase plan

* 2018 notes will be redeemed on 23 March 2017 at a "make- whole" redemption price equal to US$1,020.28 per US$1,000 principal amount of 2018 notes

* Says redemption price that co will pay to redeem in full US$500 million principal amount outstanding of its 2.050% senior notes due 2018 Source text for Eikon: Further company coverage: BHP.AX

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