Corporate Debt

Bond maturity profile, debt issuance and commercial paper programmes, liability management transactions and more.


Bond Maturity Profile

As at 30 June 2019
Bond maturity profile chart

Debt Issuance Programmes

Rio Tinto makes use of bonds to finance medium-term financing requirements. A debt issuance programme is used to issue debt instruments. Volumes, currencies and maturities of outstanding bonds will depend upon Rio Tinto's financing needs.

  • US Shelf

    Issuers

    • Rio Tinto Finance (USA) plc
    • Rio Tinto Finance (USA) Limited

    Guarantors

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

    Trustee

    The Bank of New York Mellon

    Issue and paying agent

    The Bank of New York Mellon

  • European Debt Issuance Programme

    Programme size

    Up to US$10 billion (US$8.1 billion unutilised)

    Issuers

    • Rio Tinto Finance (USA) plc
    • Rio Tinto Finance (USA) Limited

    Guarantors

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

    Arranger

    HSBC

    Dealers

    ANZ

    BNP PARIBAS

    BofA MERRILL LYNCH

    CITIGROUP

    CRÉDIT AGRICOLE CIB

    CREDIT SUISSE

    DEUTSCHE BANK

    HSBC

    J.P. MORGAN CAZENOVE

    MITSUBISHI UFJ SECURITIES

    MIZUHO INTERNATIONAL PLC

    MORGAN STANLEY

    NATIXIS

    RBC CAPITAL MARKETS

    SMBC NIKKO CAPITAL MARKETS LIMITED

    SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING

    STANDARD CHARTERED BANK

    *Banks which are not in the above dealers group can be “dealer for the day” for a transaction.

    Trustee

    Deutsche Trustee Company Limited

    Issue and paying agent

    Deutsche Bank AG, London Branch

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

     

Committed Bank Facilities

On 15 November 2013, Rio Tinto Finance plc and Rio Tinto Finance Limited entered into a US$7.5 billion multi-currency dual tranche revolving credit facility. The facility was amended and restated in November 2015 and again in November 2018. The $1.875 billion tranche and the $5.625 billion tranche mature in 2022. The $5.625 tranche includes a US$ denominated same day access swing-line facility. The funds made available under the facilities may be used for the general corporate purposes of the Group.

Outstanding Notes - Table of Issues

  • Debt Capital Markets

    Issuer

    Coupon %

    Date of Issue

    Maturity

    Ccy

    Amount (m)

    Amount 1 (USDm)

    ISIN

    BONDS

    Rio Tinto Finance plc

    2.000

    4-Dec-2012

    11-May-2020

    EUR

    401.7

    527.0

    XS0863129135

    Rio Tinto Finance plc

    2.875

    4-Dec-2012

    11-Dec-2024

    EUR

    416.7

    546.7

    XS0863127279

    Rio Tinto Finance (USA) Limited

    3.750

    16-Jun-2015

    15-Jun-2025

    USD

    1,200.0

    1,200.0

    US767201AS58

    Rio Tinto Finance (USA) Limited

    7.125

    27-Jun-2008

    15-Jul-2028

    USD

    750.0

    750.0

    US767201AD89

    Alcan Inc

    7.250

    28-Oct-1998

    1-Nov-2028

    USD

    100.0

    100.0

    US013716AN50

    Rio Tinto Finance plc

    4.000

    4-Dec-2012

    11-Dec-2029

    GBP

    500.0

    806.6

    XS0863076930

    Alcan Inc

    7.250

    23-Mar-2001

    15-Mar-2031

    USD

    400.0

    400.0

    US013716AQ81

    Alcan Inc

    6.125

    8-Dec-2003

    15-Dec-2033

    USD

    750.0

    750.0

    US013716AU93

    Alcan Inc

    5.750

    31-May-2005

    1-Jun-2035

    USD

    300.0

    300.0

    US013716AU59

    Rio Tinto Finance (USA) Limited

    5.200

    28-Oct-2010

    2-Nov-2040

    USD

    500.0

    500.0

    US767201AL06

    Rio Tinto Finance (USA) Limited

    5.200

    17-May-2011

    2-Nov-2040

    USD

    300.0

    300.0

    US767201AL06

    Rio Tinto Finance (USA) Limited

    5.200

    19-Sept-2011

    2-Nov-2040

    USD

    350.0

    350.0

    US767201AL06

    Rio Tinto Finance (USA) plc

    4.750

    19-Mar-2011

    22-Mar-2042

    USD

    500.0

    500.0

    US76720AAD81

    Rio Tinto Finance (USA) plc

    4.125

    16-Aug-2012

    21-Aug-2042

    USD

    750.0

    750.0

    US76720AAG13

    TOTAL BONDS

    7,780.2

    Notes:

    Exchange rate at issuance date applied to non-USD denominated bonds

Liability Management Transactions

FMSB Compliance Letter