je.st
news
UPDATE 2-Fortescue pays up to get $2.3 bln bond over the line
2015-04-23 12:02:57| IT Services - Topix.net
Australian miner Fortescue Metals Group has refinanced $2.3 billion of its debt pile on a third attempt, but was forced to pay a higher yield amid investor concerns about the state of the iron ore market. Fortescue sold senior secured notes in New York at a 10.25 percent yield on Wednesday, a far richer price than the 8.5 percent the company offered just a month ago but which was pulled after it failed to tempt investors.
Tags: the
line
update
pays
Category:Information Technology