Rio Tinto launches debt buy-back programme
Rio Tinto launched its second debt buy-back programme in as many months on Tuesday.
FTSE 100
8,071.19
16:49 14/11/24
n/a
n/a
FTSE 350
4,459.02
16:38 14/11/24
n/a
n/a
FTSE All-Share
4,417.25
16:54 14/11/24
n/a
n/a
Mining
10,475.37
16:38 14/11/24
-1.86%
-198.96
Rio Tinto
4,735.50p
16:40 14/11/24
-0.27%
-13.00p
The global mining group offered to repurchase up to $3bn of debt maturing in 2018, 2020 and 2022, but with priority having been assigned to the shortest of those maturities.
The deadline to take-up its offer on the 2018 notes was set for 17:00 EST on 13 June.
In April, the company carried out a successful buyback of another $1.5bn in debt maturing in 2017 and 2018.
Stock in Rio Tinto closed 0.15% lower at 2,012.5p.