(Bloomberg) -- Rio Tinto Plc is tapping the US investment-grade bond market Tuesday to raise between $7 billion and $9 billion for its just-closed acquisition of Arcadium Lithium Plc, according to people familiar with the matter.
Most Read from Bloomberg
A unit of the world’s second-biggest miner is looking to sell bonds in as many as eight parts, said one of the people, who like the others asked not to be identified as the details are private. The longest portion of the deal, a 40-year note, may yield around 1.625 percentage points over Treasuries, the person added.
Rio Tinto didn’t immediately reply to a request for comment.
The miner completed its $6.7 billion purchase of Arcadium last week, a deal initially funded by bridge financing and intended to be replaced by longer-term debt.
The bond offering was occurring as markets showed some signs of stabilizing Tuesday morning. A broad selloff Monday prompted by recession fears kept many potential borrowers on the sidelines. Rio Tinto is among 11 issuers looking to sell US investment-grade debt Tuesday.
$Bank of America Corp(BAC-N)$., BNP Paribas, $Citigroup Inc(C-N)$., JPMorgan Chase & Co., Mizuho Financial Group Inc. and Royal Bank of Canada are leading Rio Tinto’s note sale.
(Updates throughout.)
Most Read from Bloomberg Businessweek
©2025 Bloomberg L.P.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。