By Rory Gallivan

 

LONDON-- Mining giant Rio Tinto PLC (RIO.LN) Monday said it will redeem $2.5 billion in bonds as part of its measures to reduce debt.

The redemption is part of the company's ongoing capital management plan, the company said.

Shares at 1232 GMT, were up 46 pence, or 1.5%, at 3,214 pence valuing the company at GBP44.44 billion.

 

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

 

(END) Dow Jones Newswires

May 22, 2017 08:50 ET (12:50 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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