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Fortescue raises $1bn to repay debt

By:  
Creamer Media Senior Deputy Editor: Australasia
 
IRON-ORE
Iron-ore miner Fortescue Metals is hoping to raise $1-billion through a bond offering of senior unsecured notes. The company said on Tuesday that proceeds from this issue would be used to repay existing debt.
 
 
 
 
 

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