Rio Tinto is launching a new program to further reduce debt through the purchase of its bonds in the amount of $ 3 billion, the company said.
As part of the Rio Tinto program issued a notice of redemption of its dollar bonds maturing in 2017 and 2018 in the amount of approximately $ 1.5 billion. In addition, the company launched a tender offer to purchase for cash its dollar bonds maturing in 2019- 2022 is also worth about $ 1.5 billion.
it is noted that the launch of a new program of debt reduction has been made possible thanks to the strong liquidity position of the Group.
"Today's announcement is part of the realized capital management program Rio Tinto Group and follows the successful completion of the tender offers to purchase for cash bonds in the amount of $ 4.5 billion earlier this year," - said in a release.
In April, Rio Tinto has launched a program for the purchase of its bonds maturing in 2017 and 2018 in the amount of $ 1.5 billion. In June, the company also announced the purchase of its bonds maturing in 2018, 2020, 2021 and 2022 to $ 3 billion.
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