Fortescue retires US$750 million of bonds [UPDATED]
- Thursday, 26 November 2015
Fortescue Metals Group (Fortescue) (BB/Ba2/BB+) revealed it has successfully repurchased US$750 million in face value of its 2019 and 2022 maturity senior-unsecured bonds. Fortescue says the repayment offer will save the company approximately US$56 million in annual interest payments in addition to a US$124 million pre-tax gain.
