OREANDA-NEWS. December 05, 2012. Rio Tinto has priced EUR 1.25 billion and GBP 500 million of fixed rate notes under its European Debt Issuance Programme.

The notes will be issued by Rio Tinto Finance plc and will be unconditionally and irrevocably guaranteed by Rio Tinto plc and Rio Tinto Limited.

The Euro denominated offering comprises (i) long 7-year notes that pay a coupon of 2.0% and will mature on 11 May 2020, and (ii) 12-year notes that pay a coupon of 2.875% and will mature on 11 December 2024.

The 17-year Sterling denominated notes pay a coupon of 4.0% and will mature on 11 December 2029.

Prior to these transactions, the Group had no outstanding Euro or Sterling denominated notes.

The proceeds of the offering will be used for general corporate purposes.