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Savings for FMG in debt buyback

FORTESCUE Metals Group has repaid $US750 million ($A1.03 billion) worth of debt for just $618 mil...

Kristie Batten

The company bought back a portion of its 2019 8.25% and 2022 6.87% senior unsecured notes via a US tender offer announced earlier this month. FMG has recognised a pre-tax gain of $124 million and interest...

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