CAPITAL MARKETS

Rio launches its first euro bonds

RIO Tinto has launched a EUR750 million (A$1.24 billion) five-year bond issue in the Euro market, with proceedings to refinance short-term borrowings.

Greg Tubby

Rio said this represented its first transaction in euros, the proceeds of which have been swapped into US dollars and would be used to refinance short-term commercial paper borrowings. The transaction...

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