XSTRATA PLC ANNOUNCES BOND ISSUE
Zug, 04 November 2011
Xstrata plc ("Xstrata") announces the launch and pricing of a US$ denominated issue of notes (“the Notes”) in a US$3bn four-tranche transaction comprising 3 year, 5 year, 10 year and 30 year Notes issued through its subsidiary Xstrata Finance (Canada) Limited.
The transaction covers $800m 2.85% guaranteed Notes due November 2014, $700m 3.60% guaranteed Notes due January 2017, $1,000m 4.95% guaranteed Notes due November 2021 and $500m 6.00% guaranteed Notes due November 2041.
The Notes are guaranteed by Xstrata plc, Xstrata (Schweiz) AG, Xstrata Finance (Dubai) Limited, and Xstrata Canada Financial Corp. The Notes have been offered and sold pursuant to Rule 144A and Regulation S of the US Securities Act 1933, as amended. Xstrata is currently rated Baa2 with a positive outlook (Moody’s) and BBB+ with a stable outlook (Standard and Poor’s).
The net proceeds raised will be used to repay debt and for general corporate purposes.
Neither the content of the company's website nor the content of any other website accessible from hyperlinks on the company's website is incorporated into, or forms part of, this announcement.
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