March 2 (Reuters) - Fortescue Metals Group Ltd FMG.AX :
* HAVE LAUNCHED A BOND OFFERING FOR US$500 MLN OF SENIORUNSECUREDNOTES
* PROCEEDS FROM BOND OFFERING WILL BE USED TO REPAYFORTESCUE'SOUTSTANDING SENIOR SECURED NOTES
* PRICED OFFERING OF US$500 MILLION OF 5.125 PERCENT SENIORUNSECURED NOTES DUE 2023
* UPON REDEMPTION OF SENIOR SECURED NOTES, REFINANCING ANDDEBTREPAYMENT WILL LOWER ANNUAL BORROWING COSTS BY ABOUT $130MILLION
* EXISTING US$2.16 BILLION SENIOR SECURED NOTES TO BEREDEEMEDFROM PROCEEDS OF US$1.40 BILLION TERM LOAN, SAID US$500 MILLIONNOTES & CASH
* ALL FIGURES IN US$