Thursday, June 9, 2016

Rio Tinto offers to buy lower back extra debt



global miner Rio Tinto will purchase returned up to $US3 billion of its company notes as part of continuing efforts to lessen gross debt.

The provide for its 2018, 2020, 2021 and 2022 notes is open until June thirteen.

The corporation in April bought again company debt well worth $US1.4 billion.

The mining large reported a $US866 million loss in 2015, and has mentioned sharp cuts in capital expenditure and working charges over the past few years as it confronts a extended downturn in commodities charges.

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