Source - SMW
Rio Tinto has successfully completed its bond tender and redemption exercises announced on 22 May 2017 and has reduced gross debt by a further $2.5bn.

"Since the start of 2016 we have now reduced the nominal value of our outstanding bonds from approximately $21bn to about $9.5bn," it said.

"The early redemption costs are expected to reduce underlying earnings by approximately $180m and cash flow from operating activities by approximately $260m in the first half of 2017," the company said. 

"These reductions will be offset by savings in future periods."