Rio Tinto Prices Offers for US$1.5 Billion Debt Repurchase
April 27 2016 - 6:12PM
Dow Jones News
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 (NYSE:RIO)
Historical Stock Chart
From Apr 2024 to May 2024
Rio Tinto (NYSE:RIO)
Historical Stock Chart
From May 2023 to May 2024