Anglo-Australian mining giant Rio Tinto Plc. (RIO,RIO.L, RIO.AX) announced that Rio Tinto Finance (USA) plc. has priced an aggregate of US$3.0 billion of fixed and floating rate bonds.
The company said that the offering comprised 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.
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