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BRIEF-BHP Billiton launches bond repurchase plan

Published 22/08/2017, 08:42 am
Updated 22/08/2017, 08:50 am
© Reuters.  BRIEF-BHP Billiton launches bond repurchase plan

© Reuters. BRIEF-BHP Billiton launches bond repurchase plan

Aug 22 (Reuters) - Bhp Billiton (LON:BLT) Ltd BHP.AX

* launches euro bond repurchase plan

* Approved a global multi-currency bond repurchase plan.

* multi-currency plan will be subject to global aggregate cap of us$2.5 billion and will be funded by bhp's strong us$14.2 billion cash position

* Multi-Currency plan will be subject to a global aggregate cap of us$2.5 billion

* plan will comprise two transactions, one targeting bonds issued under bhp euro medium-term notes programme and other targeting bonds issued under u.s. Debt capital markets programme

* Euro bond repurchase plan will target 2018, 2020, 2022 and 2024 euro denominated notes and 2024 sterling denominated notes.

* The U.S. Bond repurchase plan will target 2021, 2022 and 2023 us dollar denominated notes.

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