Rio Tinto Finance has raised $2 billion in a three-part bond sale. The first tranche of $700 million notes, carrying a coupon rate of 2.5%, will mature on May 20, 2016, while the second tranche of $1 billion notes, with a 4.12% coupon rate, are due to mature on May 20, 2021.
The third tranche of $300 million notes, with a 5.20% coupon rate, will mature on Nov. 2, 2040. Deutsche Bank, JP Morgan, RBS, Morgan Stanley, RBC and SG Americas were the joint book-runners for the deal.
Click here for the release from Rio Tinto.