Rio Tinto taps US bonds market

Mining giant Rio Tinto is to tap the US bond market with three fixed-rate bond issues due to mature in five, 10 and 30 years, respectively.

Mining giant Rio Tinto is to tap the US bond market with three fixed-rate bond issues due to mature in five, 10 and 30 years, respectively.

Rio Tinto is seeking to raise $3.0bn through the issue of bonds with a weighted average coupon of 2.67% and a weighted average maturity of 12.9 years.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.