Rio Tinto Limited
(ASX:RIO) has launched a cash tender offer to purchase $1.5 billion of its 2017 and 2018 notes.
The company plans to use its strong liquidity position to reduce gross debt through the early repayment.
Rio Tinto is offering to purchase $US500 million of its 2.00 per cent notes due in 2017 and a further $US1.25 billion of its 1.625 per cent notes due in the same year.
Rio Tinto recently announced strong first quarter production despite increasingly volatile commodity prices.
Rio Tinto reported a net loss of $2.35 billion at December 31st 2015
