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DewDiligence

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DewDiligence

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Re: DewDiligence post# 4308

Wednesday, 02/22/2012 5:26:33 PM

Wednesday, February 22, 2012 5:26:33 PM

Post# of 30563
BHP has a better credit rating than the government of Australia, evidently:

http://blogs.wsj.com/dealjournalaustralia/2012/02/22/bhps-5-25-billion-bond-bonanza

…[BHP] was able to borrow money 10 years out at 2.875% (and 30 years out at 4.125%). By way of comparison, the Australian government’s 10-year bond is yielding 4.25%.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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