Rio Tinto Finance (USA) plc prices US$1.75 billion of fixed rate notes

Rhea-AI Summary

Rio Tinto has announced the pricing of US$650 million in 10-year and US$1.1 billion in 30-year fixed rate debt securities, both registered with the SEC. The 10-year notes will yield 5.000% and mature on March 9, 2033, while the 30-year notes will have a coupon rate of 5.125% maturing on March 9, 2053. The securities will be issued by Rio Tinto Finance (USA) plc, guaranteed by Rio Tinto plc and Rio Tinto Limited. Deutsche Bank, J.P. Morgan, and others acted as joint book-running managers for the offering, enhancing Rio Tinto’s capital structure and providing additional liquidity.

Positive

• Pricing of US$650 million in 10-year and US$1.1 billion in 30-year debt securities indicates strong demand.
• Interest rates of 5.000% and 5.125% are competitive, reflecting favorable market conditions.
• The offering is fully guaranteed, ensuring investor confidence.

Negative

• None.

LONDON--(BUSINESS WIRE)-- Rio Tinto has priced US$650 million of 10-year fixed rate SEC-registered debt securities and US$1.1 billion of 30-year fixed rate SEC-registered debt securities. The bonds will be issued by Rio Tinto Finance (USA) plc and will be fully and unconditionally guaranteed by Rio Tinto plc and Rio Tinto Limited. The 10-year notes will pay a coupon of 5.000 per cent and will mature March 9, 2033 and the 30-year notes will pay a coupon of 5.125 per cent and will mature March 9, 2053.

Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Santander US Capital Markets LLC and SMBC Nikko Securities America, Inc. acted as Joint Book-running Managers, Bank of China Limited, London Branch, CIBC World Markets Corp., Citigroup Global Markets Inc. and HSBC Securities (USA) Inc. acted as Joint Bookrunners, and ANZ Securities, Inc., Credit Agricole Securities (USA) Inc., Mizuho Securities USA LLC, nabSecurities, LLC, Natixis Securities Americas LLC and Westpac Banking Corporation acted as Co-Managers.

IMPORTANT INFORMATION

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The offering to which this media release relates was made pursuant to an effective registration statement that Rio Tinto Finance (USA) Limited, Rio Tinto Finance (USA) plc, Rio Tinto Finance (USA) Inc., Rio Tinto plc and Rio Tinto Limited (together, “Rio Tinto”) filed with the US Securities and Exchange Commission (the “SEC”) and only by means of a prospectus supplement and accompanying base prospectus. Rio Tinto will file with the SEC a final prospectus supplement to the base prospectus for the offering. You can obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Copies of the prospectus supplement, the accompanying base prospectus and the final prospectus relating to the offering can be obtained from Rio Tinto at the registered address below, any underwriter or any dealer participating in the offering (Deutsche Bank Securities Inc. at 1-800-503-4611, J.P. Morgan Securities LLC collect at 1-212-834-4533, Santander US Capital Markets LLC at 1-855-403-3636 and SMBC Nikko Securities America, Inc. at 1-888-868-6856).

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

Media Relations, United Kingdom   Matthew Klar M +44 7796 630 637   David Outhwaite M +44 7787 597 493	Media Relations, Australia   Matt Chambers M +61 433 525 739   Jesse Riseborough M +61 436 653 412   Alyesha Anderson M +61 434 868 118	Media Relations, Americas   Simon Letendre M +514 796 4973   Malika Cherry M +1 418 592 7293
Investor Relations, United Kingdom   Menno Sanderse M +44 7825 195 178   David Ovington M +44 7920 010 978   Clare Peever M +44 7788 967 877	Investor Relations, Australia   Tom Gallop M +61 439 353 948   Amar Jambaa M +61 472 865 948
Rio Tinto plc   6 St James’s Square London SW1Y 4AD United Kingdom   T +44 20 7781 2000   Registered in England No. 719885	Rio Tinto Limited   Level 43, 120 Collins Street Melbourne 3000 Australia   T +61 3 9283 3333   Registered in Australia ABN 96 004 458 404

 

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Please direct all enquiries to: media.enquiries@riotinto.com



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Category - General

 

Source: Rio Tinto

FAQ

What is Rio Tinto's recent debt offering amount?

Rio Tinto has priced US$650 million in 10-year and US$1.1 billion in 30-year fixed rate debt securities.

What are the coupon rates for Rio Tinto's new debt securities?

The 10-year notes have a coupon rate of 5.000% and the 30-year notes have a coupon rate of 5.125%.

When do the new bonds from Rio Tinto mature?

The 10-year bonds mature on March 9, 2033, and the 30-year bonds mature on March 9, 2053.

Who are the joint book-running managers for Rio Tinto's bond issuance?

Deutsche Bank, J.P. Morgan, Santander, and SMBC Nikko acted as joint book-running managers.

Is the new debt offering by Rio Tinto guaranteed?

Yes, the bonds are fully and unconditionally guaranteed by Rio Tinto plc and Rio Tinto Limited.