PERTH (miningweekly.com) – Iron-ore miner Fortescue Metals is hoping to raise $1-billion through a bond offering of senior unsecured notes.
The company said on Tuesday that proceeds from this issue would be used to repay existing debt.
The miner in March this year announced a $1-billion repayment of its 2019 term loan, reducing its 2019 debt to less than $1-billion and generating savings of about $38-million a year.