5th May 2016 11:59
LONDON (Alliance News) - Anglo-Australian miner Rio Tinto PLC on Thursday said it will reduce its gross debt pile by USD1.5 billion through its recent tender offer.
Rio Tinto's net debt at the end of 2015 was USD13.78 billion.
The group said it will acquire USD141.0 million in debt through its Dutch auction offer and USD1.359 billion under its 'any and all offer'.
The debt repurchase was led by Merrill Lynch, Pierce, Fenner & Smith Inc and RBC Capital Markets.
Rio Tinto shares were flat at 2,102.00 pence Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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