skip to content

Market News

Rio Tinto completes $2.5bn gross debt reduction

23 June 2017 07:09

Rio Tinto has successfully completed its bond tender and redemption exercises announced on 22 May 2017 and has reduced gross debt by a further $2.5bn.

"Since the start of 2016 we have now reduced the nominal value of our outstanding bonds from approximately $21bn to about $9.5bn," it said.

"The early redemption costs are expected to reduce underlying earnings by approximately $180m and cash flow from operating activities by approximately $260m in the first half of 2017," the company said.

"These reductions will be offset by savings in future periods."

Story provided by StockMarketWire.com

Related Company: RIO

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.