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Xstrata taps bond market
19-10-2012 07:35
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Mining leviathan Xstrata is to tap the bond market with the issue of three-year, five-year, 10-year and 30-year notes through its subsidiary Xstrata Finance (Canada) Limited.
The dollar denominated issue of notes in four tranches will raise $4.5bn, split as follows: $1.25bn 1.8% guaranteed notes due October 2015; $1.75bn 2.45% guaranteed notes due October 2017; $1bn 4.0% guaranteed notes due October 2022; and $0.5bn 5.3% guaranteed notes due October 2042.
The net proceeds raised will be used to repay existing debt and for general corporate purposes.
JH
The dollar denominated issue of notes in four tranches will raise $4.5bn, split as follows: $1.25bn 1.8% guaranteed notes due October 2015; $1.75bn 2.45% guaranteed notes due October 2017; $1bn 4.0% guaranteed notes due October 2022; and $0.5bn 5.3% guaranteed notes due October 2042.
The net proceeds raised will be used to repay existing debt and for general corporate purposes.
JH
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