Rio Tinto has priced US$2.5 billion of fixed rate bonds with a weighted average coupon of 2.97 per cent and a weighted average maturity of 11.6 years.
The offering comprises US$500 million of three-year, US$500 million of five-year, US$1 billion of 10-year and US$500 million of 30-year SEC-registered debt securities. The bonds will be issued by Rio Tinto Finance (USA) plc and will be fully and unconditionally guaranteed by Rio Tinto plc and Rio Tinto Limited.
The three-year notes pay a coupon of 1.125 per cent and will mature on 20 March 2015.
The five-year notes pay a coupon of 2.000 per cent and will mature on 22 March 2017.
The 10-year notes pay a coupon of 3.500 per cent and will mature on 22 March 2022.
The 30-year notes pay a coupon of 4.750 per cent and will mature on 22 March 2042.
Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC acted as Joint Bookrunners.
A copy of the prospectus relating to the offering of the fixed rate bonds can be obtained from Rio Tinto at the registered address above, any underwriter or any dealer participating in the offering (Citigroup Global Markets Inc., toll-free 1-877-858-5407, Credit Suisse Securities (USA) LLC, toll-free 1-800-221-1037, Deutsche Bank Securities Inc., toll-free 1-800-503-4611 and J.P. Morgan Securities LLC, collect 1-212-834-4533).
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and New York Stock Exchange listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, thermal and metallurgical coal, uranium, gold, industrial minerals (borax, titanium dioxide and salt) and iron ore. Activities span the world and are strongly represented in Australia and North America with significant businesses in Asia, Europe, Africa and South America.