4th Nov 2021 13:01
(Alliance News) - Rio Tinto PLC on Thursday said its subsidiary Rio Tinto Finance (USA) Ltd has accepted USD760.0 million in 3.750% notes due 2025 for purchase.
The offer was launched on Thursday last week and closed on Tuesday this week following the issuance of USD1.25 billion 30-year bonds. In addition to funding the purchase of the notes due 2025, the proceeds from the bonds will be used to fund the redemption of Rio Tinto's other outstanding securities, it said.
The London-based metals and mining company said the notes due 2025 will be purchased at a price of USD1,097.32 per USD1,000 principal amount of note. In addition to the payment of the purchase price, each note holder will also be paid accrued interest.
The settlement date for the tender offer of notes due 2025 will be Friday, the company said.
FTSE 100-listed Rio Tinto shares were trading 0.2% higher in London on Thursday at 4,470.86 pence each.
By Evelina Grecenko; [email protected]
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