Rio Tinto: to reduce debt by 781 million dollars.
(CercleFinance.com) - On Tuesday mining giant Rio Tinto announced a bond buyback plan for 781 million dollars, with the operation reducing the group's debt by the same amount.
Under the plan, Rio Tinto has made cash tender offers to purchase a series of 2021, 2022 and 2025 US dollar-denominated notes.
The offer, which began on 22 May and was set to end on 19 June, has been oversubscribed on 5 June.
The securities purchased will now be withdrawn and cancelled.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Under the plan, Rio Tinto has made cash tender offers to purchase a series of 2021, 2022 and 2025 US dollar-denominated notes.
The offer, which began on 22 May and was set to end on 19 June, has been oversubscribed on 5 June.
The securities purchased will now be withdrawn and cancelled.
Copyright (c) 2017 CercleFinance.com. All rights reserved.