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Rio prices $1.2bn bonds

12th June 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Diversified miner Rio Tinto has priced $1.2-billion of ten-year fixed rate notes, at a coupon price of 3.75c each.

The bonds would mature in June 2025, and would be unconditionally guaranteed by Rio Tinto plc and Rio Tinto Limited.

The miner also announced the redemption of $1.2-billion of its 2016 notes. The redemption date for the notes would be July 11.

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