Rio Tinto has priced EUR 1.25 billion and GBP 500 million of fixed rate notes under its European Debt Issuance Programme.
The notes will be issued by Rio Tinto Finance plc and will be unconditionally and irrevocably guaranteed by Rio Tinto plc and Rio Tinto Limited.
The Euro denominated offering comprises (i) long 7-year notes that pay a coupon of 2.0% and will mature on 11 May 2020, and (ii) 12-year notes that pay a coupon of 2.875% and will mature on 11 December 2024.
The 17-year Sterling denominated notes pay a coupon of 4.0% and will mature on 11 December 2029.
Prior to these transactions, the Group had no outstanding Euro or Sterling denominated notes.
The proceeds of the offering will be used for general corporate purposes.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and New York Stock Exchange listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, thermal and metallurgical coal, uranium, gold, industrial minerals (borax, titanium dioxide and salt) and iron ore. Activities span the world and are strongly represented in Australia and North America with significant businesses in Asia, Europe, Africa and South America.