trending Market Intelligence /marketintelligence/en/news-insights/trending/0kYXS4czWcFG1lI3VmnpPw2 content esgSubNav
In This List

Rio Tinto prices US$1.5B cash tender offer

Blog

European Energy Insights - May 2021

Blog

Metals & Mining Insights May 2021

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


Rio Tinto prices US$1.5B cash tender offer

Rio Tinto has priced the cash tender offer to buy back about US$1.5 billion of its 2019, 2020, 2021 and 2022 notes.

On each US$1,000 principal amount of notes, the global mining giant will pay US$1,076.38 for its 3.500% notes due 2022 and US$1,046.37 for its 2.875% notes due 2022.

The noteholders will get US$1,182.45 for each of the 9.000% notes due 2019, US$1,065.10 for the 3.500% notes due 2020, US$1,095.48 for the 4.125% notes due 2021 and US$1,082.05 for the 3.750% notes due 2021.

The company accepted for repurchase US$528.2 million of its 3.500% notes, US$471.8 million of its 2.875% notes and US$245.7 million of its 9.000% notes by the early settlement date. The diversified miner also accepted US$47.5 million of its 3.500% notes, US$82.1 million of its 4.125% notes and US$122.2 million of its 3.750% notes.

The settlement will occur Oct. 12.

Meanwhile, Rio Tinto's offer to redeem about US$1.5 billion of its 2017 and 2018 U.S.-dollar-denominated notes will remain open until Oct. 26.