Rio Tinto To Redeem $2.5 billion in Bonds
May 22 2017 - 9:05AM
Dow Jones News
By Rory Gallivan
LONDON-- Mining giant Rio Tinto PLC (RIO.LN) Monday said it will
redeem $2.5 billion in bonds as part of its measures to reduce
debt.
The redemption is part of the company's ongoing capital
management plan, the company said.
Shares at 1232 GMT, were up 46 pence, or 1.5%, at 3,214 pence
valuing the company at GBP44.44 billion.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
May 22, 2017 08:50 ET (12:50 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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