New Issue-Rio Tinto sells $3.5 bln notes in 2 parts

Tue Apr 14, 2009 11:10pm BST
[-] Text [+]
 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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