Corporate debt

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


Bond maturity profile

As at 6 March 2023

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
    • Rio Tinto Finance (USA) Inc.

    Guarantors

    Instruments issued by Rio Tinto Finance (USA) plc, Rio Tinto Finance (USA) Limited or Rio Tinto Finance (USA) Inc. 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$9.5 billion unutilised)

    Issuers

    View all European Debt Issuance Programme documents >

    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 SECURITIES

    CITIGROUP

    CRÉDIT AGRICOLE CIB

    CREDIT SUISSE

    DEUTSCHE BANK

    HSBC

    J.P. MORGAN SECURITIES PLC

    MIZUHO SECURITIES

    MORGAN STANLEY

    NATIXIS

    RBC CAPITAL MARKETS

    SANTANDER

    SMBC NIKKO CAPITAL MARKETS LIMITED

    SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING

    STANDARD CHARTERED BANK

    TD SECURITIES

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

    Guarantors

    Instruments issued by Rio Tinto America Inc, Rio Tinto Finance (USA) 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

    • J.P. Morgan Securities LLC
    • Credit Suisse Securities (USA) LLC
    • Citigroup Global Markets Inc.
    • RBC Capital Markets, LLC

    Issuing and paying agent

    Deutsche Bank Trust Company Americas

Committed bank facilities

On 16 November 2021, Rio Tinto Finance plc and Rio Tinto Finance Limited entered into a US$7.5 billion multi-currency revolving credit facility with a syndicate of banks. The facility is guaranteed by Rio Tinto plc and Rio Tinto Limited. The facility has a five-year term (November 2026) and two, one-year extension options. The facility includes a US$6.2 billion 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. The new facility replaced the US$7.5 billion dual tranche revolving credit facility dated 15 November 2013, last amended in November 2020.

Outstanding notes - table of issues

  • Debt capital markets

    Issuer

    Coupon %

    Date of Issue

    Maturity

    Ccy

    Amount (m)

    Amount1 (USDm)

    ISIN

    BONDS

    Rio Tinto Finance plc

    2.875

    4-Dec-2012

    11-Dec-2024

    EUR

    416.7

    546.7

    XS0863127279

    Rio Tinto Finance (USA) Limited

    7.125

    27-Jun-2008

    15-Jul-2028

    USD

    750.0

    750.0

    US767201AD89

    Alcan Inc2

    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 Inc2

    7.250

    23-Mar-2001

    15-Mar-2031

    USD

    400.0

    400.0

    US013716AQ81

    Rio Tinto Finance (USA) plc

    5.000

    6-Mar-2023

    9-Mar-2033

    USD

    650.0

    650.0

    US76720AAN63

    Alcan Inc2

    6.125

    8-Dec-2003

    15-Dec-2033

    USD

    750.0

    750.0

    US013716AU93

    Alcan Inc2

    5.750

    31-May-2005

    1-Jun-2035

    USD

    300.0

    300.0

    US013716AW59

    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

    Rio Tinto Finance (USA) Limited

    2.750

    28-Oct-2021

    2-Nov-2051

    USD

    1,250.0

    1,250.0

    US767201AT32

    Rio Tinto Finance (USA) plc

    5.125

    6-Mar-2023

    9-Mar-2053

    USD

    1,100.0

    1,100.0

    US76720AAP12

    TOTAL BONDS

    9053.3

    Notes:

    Exchange rate at issuance date applied to non-USD denominated bonds.
    2Security is not registered under the United States Securities Act of 1933. 

Liability management transactions

FMSB Compliance Letter
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