By Rhiannon Hoyle

SYDNEY--Rio Tinto PLC (RIO.AU) said it has priced an offer to buy back roughly US$1.5 billion of debt.

The Anglo-Australian miner said the offer to repurchase its 2% notes due in 2017 has been set at US$1,006.91 per each US$1,000 of notes. Its 1.625% notes also due in 2017 have been priced at US$1,005.85, the company said in a regulatory filing.

Rio Tinto last week announced it intended to use its "strong liquidity position" to start cash tender offers to buy back its near-term debt.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

April 27, 2016 18:57 ET (22:57 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
Rio Tinto (ASX:RIO)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Rio Tinto Charts.
Rio Tinto (ASX:RIO)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Rio Tinto Charts.