Fortescue discussing debt refinancing: sources

London

Fortescue Metals Group Ltd, seeking to take advantage of the resurgence in iron-ore prices, is talking to investors about refinancing some of its US$8.1 billion debt obligations, according to people with knowledge of the matter.

The world's fourth-largest iron-ore exporter met fixed-income investors in the US last week and may look to tackle some of its higher-coupon borrowings first as part of the plan, said one of the people, asking not to be named as the discussions are private.