BHP hybrids back in the spotlight

10 August 2016

 

UK institutional asset manager Hermes Investment Management is currently recommending BHP hybrid bonds to investors as a substantially-higher yielding investment compared to the company’s vanilla bonds. The asset manager said investors can get a 300bps pick up by switching from BHP’s ordinary bonds to the company’s hybrids and it thinks the greater level of risk is worth the switch. Hermes refers to BHP’s strong credit rating, reputation and the mining...

read full story