LONDON, Sept 26 (Reuters) - Major minor Rio Tinto RIO.L RIO.AX on Monday announced a bond buyback plan for up to $3 billion, saying it was taking advantage of its healthy cash situation to further reduce debt.
Under the plan Rio Tinto has issued a redemption notice for approximately $1.5 billion of its 2017 and 2018 U.S. dollar-denominated notes.
It said it commenced cash tender offers to purchase up to approximately $1.5 billion of its 2019, 2020, 2021 and 2022 U.S. dollar-denominated notes.