Reported about 12 hours ago
Rio Tinto, the largest iron ore producer globally, is set to raise $9 billion through U.S. investment-grade bonds to finance its recent buyout of Arcadium Lithium. The company completed the $6.7 billion acquisition on March 6 as part of its strategy to shift focus from iron ore to critical minerals, particularly lithium. The bond offering will include a long-term note maturing in 40 years, yielding 1.3% above Treasuries.
Source: YAHOO