Rio Tinto Plc (RTNTF.PK,RIO: Quote,RIO.L,RTPPF.PK) announced that it has priced $3.0 billion of fixed rate bonds with a weighted average coupon of 2.67% and a weighted average maturity of 12.9 years.
The offering comprises $1.25 billion of 5-year, $1.0 billion of 10-year and $750 million of 30-year SEC-registered debt securities.
The company said that the bonds will be issued by Rio Tinto Finance (USA) plc and will be fully guaranteed by Rio Tinto plc and Rio Tinto Limited.
The 5-year notes pay a coupon of 1.625% and will mature on 21 August 2017, and the 10-year notes pay a coupon of 2.875% and will mature on 21 August 2022 whereas the 30-year notes pay a coupon of 4.125% and will mature on 21 August 2042.
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by RTT Staff Writer
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