LONDON--Xstrata PLC (XTA.LN), the Swiss-based mining group
currently in the process of agreeing a merger with commodities
giant Glencore International PLC (GLEN.LN), Friday launched and
priced a 4.5 billion dollar four-tranche bond which will be used to
repay existing debt and for general corporate purposes.
MAIN FACTS:
-Transaction comprises three year, five year, 10 year and 30
year Notes issued through its subsidiary Xstrata Finance (Canada)
Ltd.
-Transaction covers $1.25 billion 1.8% guaranteed Notes due
October 2015, $1.75 billion 2.45% guaranteed Notes due October
2017, $1 billion 4.0% guaranteed Notes due October 2022 and $0.5
billion 5.3% guaranteed Notes due October 2042.
-Shares closed Thursday at 1005 pence valuing the company at
30.16 billion pounds.
-Write to Ian Walker at ian.walker@dowjones.com
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