BHP Group Limited

Exchange release                                                 

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 prospectus@smbcnikko-si.com.

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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