Rio bond buying raises a few questions

22 April 2016

 

Fortescue has made a name for itself, not just in the iron ore mining business but also in the bond trading business. As recently as February, Fortescue took advantage of nervousness in corporate bond markets to buy back a chunk of its outstanding debt at a sizable discount to face value. Now Rio Tinto, a blue-chip titan of global iron ore mining, has announced a tender for up to USD$1.5...

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