Rio: Ahead of the curve or ringing the bell?

26 September 2016

 

Does Rio Tinto know something the rest of us, with the possible exception of Twiggy Forrest from Fortescue, are not aware of? Rio have launched another buyback and up to USD$3 billion (AUD$3.95 billion) of Rio bonds will be redeemed early or bought back, according to the company’s latest offer. The buyback comprises two parts; one is the early redemption of 2017 and 2018 bonds and the other is the...

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