Rio Tinto launches $3bn bond buyback

26th Sep 2016 15:44

(ShareCast News) - Rio Tinto has launched a $3bn bond-buyback plan as the miner looks to use its put its cash to use. Following its $4.5bn buybacks earlier in 2016, Rio Tinto has offered for redemption roughly $1.5bn of its 2017 and 2018 US dollar-denominated notes and begun cash tender offers to purchase up to approximately $1.5bn of its 2019, 2020, 2021 and 2022 notes.In April, the FTSE 100 group bought $1.5bn of its 2017 and 2018 notes and in June purchased $3bn of its 2018, 2020, 2021 and 2022 notes.

Top Risers

Share	Price	Change
1Spatial Holdings (SPA)	67.50	45.16%
Atome (ATOM)	54.50	17.2%
Nativo Resources (NTVO)	0.375	15.38%
Kromek (KMK)	7.50	14.93%
Sound Energy (SOU)	1.05	13.15%

Top Fallers

Share	Price	Change
Eqtec (EQT)	0.09	-36.62%
Card Factory (CARD)	70.00	-27.39%
Oracle Power (ORCP)	0.035	-22.22%
Haydale (HAYD)	0.525	-16.67%
Fiske (FKE)	70.00	-12.5%

Top By Volume

Share	Price	Volume
Caledonian Hold (CHP)	0.00475	1,013,999,385
Alba Mineral Resources (ALBA)	0.014	660,580,204
Quantum Helium (QHE)	0.028	532,751,418
Ethernity Net (ENET)	0.0055	315,251,887
Rockfire Resources (ROCK)	0.14	279,146,090

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.