BASE METALS

Rio reduces $3B of debt

RIO TINTO has followed up its successful $4.5 billion cash tender offer with a bond purchase plan for up to $3 billion.

Karma Barndon
Rio reduces $3B of debt

Taking full advantage of its firm liquidity position, the move is part of the iron-ore giant’s capital management in a bid to reduce gross debt. Under the plan Rio issued a redemption notice for around...

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