Rio Tinto launches $7bn loan at 30bp-35bp, appoints coordinators

Metals and mining firm Rio Tinto has launched $7bn of loans into syndication to refinance outstanding debt.

  • By Olivier Holmey
  • 25 Oct 2013

Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank and HSBC will coordinate the transaction, according to a banker with knowledge of the transaction. The margin proposed is between 30bp and 35bp over Libor, the banker added.

Some loan bankers had expected the deal to price more tightly, in the 22.5bp ...

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