May 6 (Reuters) - Rio Tinto (LON:RIO) Ltd RIO.AX :
* Rio Tinto to reduce gross debt by $1.5 billion RIO.AX
* Will reduce its near term maturing gross debt after accepting for purchase a
total of $141 million of debt under its Dutch auction offer
* Final aggregate principal amount of securities purchased under the any and
all offer that expired on 27 April 2016 was $1.359 billion
* Says Dutch auction offer, was oversubscribed at 5pm, New York City time, on 4
may 2016
* Source text for Eikon ID:nASX3BsgdT
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