Rio Tinto prices $US2B fixed rate bonds

Company News


Global miner Rio Tinto Ltd (ASX:RIO) says it has raised $US2 billion in long-term debt bonds.

The offer comprises of $US700 million in 5-year notes with a coupon of 2.5 per cent, $US1 billion in 10-year bonds with a coupon of 4.125 per cent, and, $US300 million in 30-year bonds with a coupon of 5.2 per cent.  

The bonds will be issued by Rio Tinto Finance (USA) Ltd and the offer has been registered in the US Securities Exchange Commission.

JPMorgan, Deutsche Bank, RBC Capital Markets, Morgan Stanley, RBS Securities and SG Americas have acted as joint bookrunners.

In the 2010 financial year Rio Tinto recorded a net profit of $14.9 billion.

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