Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Iron-ore miner Fortescue Metals has moved to capitalise on a slight rebound in the iron-ore price, launching a $1.5-billion senior secured note offering to finance the redeeming of notes due in 2017 and 2018. The launch of the high yield bond offering comes just a month after the miner scrapped a $2.5-billion senior secured not offering and refinancing plan.
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