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RIO Tinto has issued $US3.5 billion ($A4.9 billion) in bonds, following in the footsteps of fellow major miner BHP Billiton’s fundraising efforts last month – although Rio’s efforts have proved more expensive.
The company today said it had priced $2 billion five-year and $1.5 billion 10-year bonds, which will be issued by Rio Tinto Finance.
The five-year notes have a coupon rate of 8.
