IRON-ORE
Australian iron-ore miner Fortescue Metals Group (FMG) has raised $500-million through offering 5.25% senior unsecured notes, due 2025. FMG CFO Ian Wells on Friday noted that the completion of the offering was a step in the transition from an all-asset secured capital structure to one which reflected an investment-grade company, delivering low-cost, flexible debt.
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