Mining leviathan Xstrata is to tap the bond market with the issue of three-year, five-year, 10-year and 30-year notes through its subsidiary Xstrata Finance (Canada) Limited.
The dollar denominated issue of notes in four tranches will raise $4.5bn, split as follows: $1.25bn 1.8% guaranteed notes due October 2015; $1.75bn 2.45% guaranteed notes due October 2017; $1bn 4.0% guaranteed notes due October 2022; and $0.5bn 5.3% guaranteed notes due October 2042.
Subscribe to 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
-
How does the Lifetime ISA work? Key LISA rulesWhat is a Lifetime ISA (LISA) and how much could the government bonus boost your savings by? We look at the perks and the pitfalls.
-
AJ Bell: a fine British fintech going cheapOpinion Don’t overlook investment platform AJ Bell, a significantly undervalued British business with an excellent financial base
