14th Jun 2016 08:22
LONDON (Alliance News) - Anglo-Australian miner Rio Tinto PLC on Tuesday said its Rio Tinto Finance (USA) PLC and Rio Tinto Finance (USA) Ltd subsidiaries have agreed to buy back USD1.75 billion of debt.
The debt acquisition is pursuant to the company's 'any and all' offer which started last week.
Rio Tinto said USD943.0 million in 6.5% 2018 notes will be acquired under the buy back, along with USD804.0 million of 2.25% 2018 notes.
The debt bought by the company will be retired and cancelled.
Shares in Rio Tinto were down 0.7% to 1,937.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
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