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BRIEF-Rio Tinto launches debt reduction programme for up to $2.5 bln

Published 22/05/2017, 10:26 pm
© Reuters.  BRIEF-Rio Tinto launches debt reduction programme for up to $2.5 bln
RIO
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May 22 (Reuters) - Rio Tinto Plc RIO.L :

* Rio Tinto launches new debt reduction programme

* Launches new debt reduction programme for up to $2.5 billion

* Rio Tinto will use its strong liquidity position to further reduce gross debt

* Rio Tinto has issued a redemption notice for approximately $1.72 billion of its 2019 and 2020 US dollar-denominated notes

* Commenced cash tender offers to purchase up to approximately $781 million of its five 2021, 2022 and 2025 US dollar-denominated notes Source text for Eikon: Further company coverage: RIO.L

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