Rio to buy back $1.75bn of corporate debt

(Australian Associated Press)

Rio Tinto will purchase a total $1.747 billion of 2018 capital notes under its debt reduction plan.

The global miner will buy $943 million of 6.500 per cent notes at $1,108.33 per $1,000, and $804 million of 2.250 per cent notes at $1,024.36 per $1,000 principal.

Rio reported a loss of $US866 million ($A1.22 billion) in 2015, and has outlined sharp cuts in capital expenditure and operating costs as it confronts a prolonged downturn in commodities prices.


Like This