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FMG flags return to debt market

AUSTRALIA’S third largest iron ore miner Fortescue Metals Group intends to return to the debt market to raise further funds during some point in calendar 2011 after postponing a $US1 billion ($A934 million) term loan facility earlier this year.

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FMG flags return to debt market

In an interview with Company Insight lodged on the Australian Securities Exchange, FMG chief financial officer Stephen Pearce said while the company received strong demand with the term loan book receiving...

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