MARKETS

Bond issue for Rio

RIO Tinto has priced $US1.2 billion ($A1.5 billion) of US fixed-rate bonds to redeem its 2016 notes.

Kristie Batten
Bond issue for Rio

The new 10-year notes will pay a coupon of 3.75% and will mature in June 2025.

Citigroup Global Markets, Deutsche Bank Securities, SG Americas Securities, HSBC Securities (US), Mitsubishi UFJ Securities (US), and RBC Capital Markets acted as joint bookrunners.

Yesterday Rio issued a notice of redemption for its 2.5% notes due in May 2016 and its 2.25% notes due in September 2016, of which $1.2 billion is outstanding.

The notes will be redeemed on July 11.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production