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Fortescue begins US$750m bond buyback as costs decline

Thursday, November 12, 2015 - 05:50

Sydney

FORTESCUE Metals Group Ltd, Australia's third-largest iron-ore supplier, is offering to repurchase US$750 million in debt as it looks to reduce costs.

The offer to buy back bonds due in November 2019 and April 2022 will be held as a modified Dutch auction cash tender offer,

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