Rio Tinto prices $1.2bn of 10-year notes and redeems $1.2bn of 2016 notes
Rio Tinto has said it would issue $1.2bn of 10-year bonds, allowing the Anglo-Australian mining company to repay debts due next year.
It said it had priced the 10-year fixed rate debt securities with a 3.75 per cent coupon.
They will be issued by Rio Tinto Finance and will mature on 15 June 2025.
Citigroup Global Markets, Deutsche Bank Securities, SG Americas Securities, HSBC Securities, Mitsubishi UFJ Securities and RBC Capital Markets acted as joint bookrunners.
Rio Tinto also issued a notice of redemption for its 2.5 per cent notes due 20 May 2016 and 2.25 per cent notes due 20 September 2016.
It said that $1.2bn of this was still outstanding, and that the redemption date is 11 July 2015.