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.
The transaction covers:
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

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
- $800m 2.85% guaranteed notes due November 2014
- $700m 3.60% guaranteed Notes due January 2017
- $1,000m 4.95% guaranteed Notes due November 2021
- $500m 6.00% guaranteed Notes due November 2041.
They will be issued through the firm's subsidiary Xstrata Finance (Canada) Limited.
Xstrata is currently rated Baa2 with a positive outlook by the Moody's rating agency and BBB+ with a stable outlook by Standard and Poor's.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
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.
-
Michelin Key Hotels 2025: the top destinations in the world
The Michelin Keys have been awarded to spectacular hotels across the world. From Marlon Brando's private resort in Polynesia to a Bvlgari hotel in Tokyo, we look at some of the most extraordinary stays in 2025
-
MoneyWeek news quiz: How much could you get in car finance compensation?
The car finance scandal, inheritance tax, and house prices all made headlines over the past few days. Test your knowledge while reviewing this week’s top stories with MoneyWeek’s news quiz