Rio Tinto has priced US$1.2 billion of 10 yr fixed rate SEC-registered debt securities. The company will completely and unconditionally guarantee the issue of bonds. The notes will pay a coupon of 3.75% and will advance on 25 June 2025.
Joint bookrunners included Citigroup Global Markets Inc., Deutsche Bank Securities Inc., SG Americas Securities, LLC, HSBC Securities (USA) Inc., Mitsubishi UFJ Securities (US), Inc. and RBC Capital Markets, LLC.
Rio Tinto also provided a notice of redemption (due 11 July 2015) for all its 2.5% notes due 20 May 2016 and 2.25% notes due 20 September 2016, of which US$1.2 billion in aggregate principal amount is outstanding.
Edited from Press Release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/coal/12062015/rio-tinto-prices-bonds-2407/
