Rio Tinto: $9bn bond issue with SEC
(CercleFinance.com) - Rio Tinto announces that it has issued $9bn in fixed and floating rate notes with the SEC.
The bonds, issued by Rio Tinto Finance (US), will be fully guaranteed by Rio Tinto and Rio Tinto Limited.
The offering comprises eight tranches, with maturities ranging from 2027 to 2065 and fixed coupons ranging from 4.375% to 5.875%, as well as a floating-rate tranche indexed to the Compounded SOFR.
The funds raised will be used for general corporate purposes, including repayment of debt incurred to finance the acquisition of Arcadium Lithium.
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