(Bloomberg) -- BHP Billiton, the world's biggest mining company, raised $5 billion in its first sale of U.S

Hermes Fund Managers
(Bloomberg) -- BHP Billiton, the world's biggest mining company, raised $5 billion in its first sale of U.S. dollar-denominated bonds in 19 months. The coal and iron ore producer's finance unit issued $500 million each of three-year, floating-rate notes to yield 25 basis points more than the three-month London interbank offered rate and 2.05 percent, five-year debentures to yield 70 basis points more than similar-maturity Treasuries, according to data compiled by Bloomberg. It also sold $1.5 billion of 3.85 percent, 10-year debt at a relative yield of 125 basis points and $2.5 billion of 5 percent, 30-year securities at a 130 basis-point spread. The banks running the issue received circa $25 billion in orders for the deals. The new 10 year bond traded 7 basis points tighter on the break, while the 30 year closed 8 basis points tighter.
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Orlando joined Hermes Fund Managers in 2010, and is responsible for structured credit solutions.
Expertise
No areas of expertise

Orlando joined Hermes Fund Managers in 2010, and is responsible for structured credit solutions.
Expertise
No areas of expertise