Sign in | Join us  
      
 Popular Searches:diamond,cbn,tuck point blade,cup wheel,saw blade, brown fused alumina
Home -- Information


  Featured Companies
 • Yantai Cct Metal…
 • Dymend Tools Co.,…
 • Henan Boreas New…
 • Yancheng Xiehe Machinery…
 • EKF Industrial Supplies…
 • Ruishi New Material…
 • MORESUPERHARD
 • Henan Banner New…
 • Zhengzhou best synthetic…
 • Zhengzhou Haixu…

 Print  Add to Favorite
Custom your font size:     

Rio Tinto raises US$3 billion in bond issue


Post Date: 17 Jun 2013    Viewed: 366

The world's second-largest integrated miner, Rio Tinto, raised US$3 billion through a bond issue.


Reuters reports that this bond issue may have "the perfect structure" with the overall bond markets having been beaten down in recent days.


The company's press release from Friday broke down the terms of the financing:


Rio Tinto has priced an aggregate of US$3.0 billion of fixed and floating rate bonds.


The offering comprises US$1.0 billion of 3-year and US$1.25 billion of 5.5-year fixed rate, and US$250 million 2-year and US$500 million 3-year floating rate SEC-registered debt securities. The bonds will be issued by Rio Tinto Finance (USA) plc and will be fully and unconditionally guaranteed by Rio Tinto plc and Rio Tinto Limited.


The 3-year fixed rate notes pay a coupon of 1.375% and will mature on 17 June 2016.


The 5.5-year fixed rate notes pay a coupon of 2.250% and will mature on 14 December 2018.


The 2-year floating rate notes pay a coupon of 3-month US$ LIBOR plus 55 basis points and will mature on 19 June 2015.


The 3-year floating rate notes pay a coupon of 3-month US$ LIBOR plus 84 basis points and will mature on 17 June 2016.


BNP Paribas Securities Corp., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Credit Suisse (USA) LLC and RBS Securities Inc. acted as Joint Bookrunners.


Superhard Material of China

Superhard Material of China

Abrasives and Grinding Products of China

Abrasives and Grinding Products of China

Coated Abrasives of China

Coated Abrasives of China

Chia International Abrasives & Grinding Exposition

China International Abrasives & Grinding Exposition

Home | About Us | Members | Contact | Advertising Quotation
Supported by Yuanfa Information Technology co.,Ltd
Copyright ©Abrasivesunion 2006. All rights reserved
Page rendered in 0.0231 seconds
增值电信业务经营许可证:豫B2-20202116  ICP备案:豫B2-20100036-2