Rio Tinto Cuts Debt by $1.5 Billion Through Debt Tender Offers
May 05 2016 - 8:32AM
Dow Jones News
By Ian Walker
LONDON--Rio Tinto PLC (RIO.LN) said Thursday it will cut debt by
$1.5 billion through the tender offers announced last week.
Last Wednesday the miner said it would buy back $1.359 billion
of debt through Rio Tinto Finance (USA) PLC. It said at the time it
would buy $339 million of 2% cent notes due 2017 at $1,006.91 per
$1,000 amount of notes and $1.02 billion of 1.625% notes due 2017
at $1,005.85 per $1,000 principal amount of notes.
The lead dealer managers are Merrill Lynch, Pierce, Fenner &
Smith Incorporated and RBC Capital Markets, LLC. The co-dealer
managers are BMO Capital Markets Corp., CIBC World Markets Corp.,
nabSecurities, LLC and TD Securities (USA) LLC.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
May 05, 2016 08:17 ET (12:17 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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