Rio nabs cash via bond issue

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.

Rio nabs cash via bond issue Rio nabs cash via bond issue Rio nabs cash via bond issue Rio nabs cash via bond issue Rio nabs cash via bond issue

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.

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