Rio Tinto Limited
(ASX:RIO) has announced it has priced its Dutch Auction offer under its plan to reduce gross debt by $1.5 billion.
A total of $141 million of debt has been accepted for purchase under its Dutch Auction Offer, with the remaining $1.359 billion under its Any and All Offer.
6.5 percent notes due in 2018 have been set at $1,104.17, while its 2.250 per cent notes are set at $1,015.01.
The Dutch Auction Offer began on the 21st of April this year and was oversubscribed as of 5pm New York City time on the 4th of May 2016.
Rio Tinto Limited reported a net loss of $2.35 billion for the six months to the end of December 2015.
