Commercial paper programmes

Commercial paper programmes

Rio Tinto makes use of unsecured debt to finance short-term financing requirements.

Commercial paper is a short-term unsecured debt security that a company issues in exchange for cash. Outstanding commercial paper volumes will depend upon Rio Tinto's short-term financing needs.

US commercial paper

Programme size

Up to US$4 billion

Issuers

  • Rio Tinto America Inc
  • Rio Tinto Finance (USA) plc
  • Rio Tinto (Commercial Paper) Limited

Guarantors

Instruments issued by Rio Tinto America Inc and Rio Tinto Finance (USA) plc will be unconditionally and irrevocably guaranteed by Rio Tinto plc.

Instruments issued by Rio Tinto (Commercial Paper) Limited will be unconditionally and irrevocably guaranteed by Rio Tinto Limited.

In addition, Instruments are entitled to the benefit of deed poll guarantees entered into by each of Rio Tinto plc and Rio Tinto Limited pursuant to which each of Rio Tinto plc and Rio Tinto Limited has guaranteed the relevant contractual obligations of the other company (and the relevant obligations of other persons that are guaranteed by the other company).

Dealers: JP Morgan Chase and Credit Suisse

Issue and Paying Agent: Bank of America Merrill Lynch