UPDATE 2-Fortescue pays up to get $2.3 bln bond over the line

April 23, 2015 7:19 AM

63 0

* Cost cuts, ore price jump spurred bond demand - CFO (Adds CFO comments)

NEW YORK/SYDNEY, April 23 (Reuters) - 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.

Read more

To category page