Fortescue redeems A$750m notes

18th May 2023 By: Esmarie Iannucci - Creamer Media Senior Deputy Editor: Australasia

PERTH ( – Iron-ore major Fortescue on Thursday announced the redemption of its outstanding $750-million 5.125% senior unsecured notes due May 2024.

The redemption will be completed on June 1, 2023, with the notes to be redeemed using cash on hand, further strengthening Fortescue’s capital structure.

The redemption price for the notes will be equal to 100% of the principal amount of the notes redeemed, plus any accrued interest up to, but excluding, the redemption date.