Nov 11 (Reuters) - Fortescue Metals Group Ltd FMG.AX :
* Fortescue announces US$750 million offer to repay debt FMG.AX
* Says company has offered to purchase up to US$750 million in aggregate principal via a modified Dutch auction
* Tender will further reduce our interest costs while ensuring that we remain on track to achieve our initial gearing target of 40 percent"
* Noted that a tender offer is commonplace in the US debt capital market and will be finalised over the next few weeks
* Source text for Eikon ID:nASX47MwFn