New Issue-Rio Tinto sells $3.5 bln notes in 2 parts
April 14 (Reuters) - Rio Tinto Finance (USA) Ltd, an arm of mining giant Rio Tinto (RIO.AX: Quote, Profile, Research) (RIO.L: Quote, Profile, Research), on Tuesday sold $3.5 billion of notes in two parts, said IFR, a Thomson Reuters service.
Deutsche Bank, JP Morgan and Morgan Stanley were the active joint bookrunning managers, and RBS, Credit Suisse and Societe Generale were the passive joint bookrunning managers for the sale. BORROWER: RIO TINTO FINANCE (USA) LIMITED* FIRST TRANCHE: AMT $2.0 BLN COUPON 8.95 PCT MATURITY 5/1/2014 TYPE NOTES ISS PRICE 98.805 FIRST PAY 11/1/2009 MOODY'S Baa1 YIELD 9.25 PCT SETTLEMENT 4/17/2009 S&P TRIPLE-B SPREAD 752 BPS/ PAY FREQ SEMI-ANNUAL FITCH BBB-PLUS MORE THAN TREAS MAKE WHOLE CALL 50 BPS SECOND TRANCHE: AMT $1.5 BLN COUPON 9.00 PCT MATURITY 5/1/2019 TYPE NOTES ISS PRICE 97.586 FIRST PAY 11/1/2009 MOODY'S Baa1 YIELD 9.375 PCT SETTLEMENT 4/17/2009 S&P TRIPLE-B SPREAD 658 BPS/ PAY FREQ SEMI-ANNUAL FITCH BBB-PLUS MORE THAN TREAS MAKE WHOLE CALL 50 BPS * GUARANTEED BY RIO TINTO PLC AND RIO TINTO LTD; COC PUT AT 101
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