Rio Tinto completes bond buyback; sees lower HY underlying profit

June 22, 2017

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Rio Tinto on Friday completed its planned bond buyback, reducing gross debt by $2.5-billion, and said the early redemption costs are likely to reduce first-half underlying profit by about $180-million.

The early redemption costs are also expected to reduce the miner’s cash flow from operating activities by about $260-million in the first half ending on June 30, the company said.

Category: General