Xstrata launches $3bn bond sale

Anglo-Swiss miner Xstrata is to sell $3bn worth of bonds, which it plans to use to repay debt and for general corporate purposes.

Anglo-Swiss miner Xstrata is to sell $3bn worth of bonds, which it plans to use to repay debt and for general corporate purposes.

The bonds will be issued in four-tranches, comprising 3 year, 5 year, 10 year and 30 year notes.

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