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Fortescue Metals Group Announces Successful Completion of US$1,500m High Yeild Bond Offer

19 Mar 2021  |  08:34:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Successful Completion US$1,500m High Yeild Bond Offer

Fortescue Metals Group announced the successful completion of the US$1,500m offering of Senior Unsecured Notes at an interest rate of 4.375%, maturing in April 2031. The transaction was launched at US$750m and due to strength in demand was upsized to US$1,500m. Proceeds from the offering of the Senior Unsecured Notes will be applied to the repayment of its US$750m 2022 Senior Unsecured Notes, together with general corporate purposes which may include the repayment of debt.

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