ÌÇÐÄvlogÈë¿Ú

Corporate debt

Bond maturity profile, debt issuance and commercial paper programmes, liability management transactions and more


Bond maturity profile

As at March 2025

Debt issuance programs

ÌÇÐÄvlogÈë¿Úmakes use of bonds to finance medium-term financing requirements. A debt issuance program is used to issue debt instruments. Volumes, currencies and maturities of outstanding bonds will depend upon Rio Tinto's financing needs.

  • US shelf

    Issuers

    • ÌÇÐÄvlogÈë¿ÚFinance (USA) plc
    • ÌÇÐÄvlogÈë¿ÚFinance (USA) Limited
    • ÌÇÐÄvlogÈë¿ÚFinance (USA) Inc.

    Guarantors

    Instruments issued by ÌÇÐÄvlogÈë¿ÚFinance (USA) plc, ÌÇÐÄvlogÈë¿ÚFinance (USA) Limited or ÌÇÐÄvlogÈë¿ÚFinance (USA) Inc. will be unconditionally and irrevocably guaranteed by ÌÇÐÄvlogÈë¿Úplc and ÌÇÐÄvlogÈë¿ÚLimited.

    Trustee

    The Bank of New York Mellon

    Issue and paying agent

    The Bank of New York Mellon

  • European debt issuance program

    Program size

    Up to US$10 billion

    Issuers

    2024

    2023

     

    Guarantors

    Instruments issued by ÌÇÐÄvlogÈë¿ÚFinance (USA) plc or ÌÇÐÄvlogÈë¿ÚFinance (USA) Limited will be unconditionally and irrevocably guaranteed by ÌÇÐÄvlogÈë¿Úplc and ÌÇÐÄvlogÈë¿ÚLimited.

    Arranger

    HSBC

    Dealers

    ANZ

    BNP PARIBAS

    BofA SECURITIES

    CITIGROUP

    CRÉDIT AGRICOLE CIB

    CREDIT SUISSE

    DEUTSCHE BANK

    HSBC

    J.P. MORGAN SECURITIES PLC

    MIZUHO SECURITIES

    MORGAN STANLEY

    NATIXIS

    RBC CAPITAL MARKETS

    SANTANDER

    SMBC NIKKO CAPITAL MARKETS LIMITED

    SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING

    STANDARD CHARTERED BANK

    TD SECURITIES

    *Banks which are not in the above dealers group can be “dealer for the day” for a transaction.

    Trustee

    Deutsche Trustee Company Limited

    Issue and paying agent

    Deutsche Bank AG, London Branch

Commercial paper programs

ÌÇÐÄvlogÈë¿Úmakes use of unsecured debt to finance short-term financing requirements.

Commercial paper is a short-term unsecured debt security that a company issues in exchange for cash. Outstanding commercial paper volumes will depend upon Rio Tinto's short-term financing needs.

  • US commercial paper

    Program size

    Up to US$4 billion

    Issuers

    • ÌÇÐÄvlogÈë¿ÚAmerica Inc
    • ÌÇÐÄvlogÈë¿ÚFinance (USA) Inc.
    • ÌÇÐÄvlogÈë¿ÚFinance (USA) plc
    • ÌÇÐÄvlogÈë¿Ú(Commercial Paper) Limited

    Guarantors

    Instruments issued by ÌÇÐÄvlogÈë¿ÚAmerica Inc, ÌÇÐÄvlogÈë¿ÚFinance (USA) Inc, and ÌÇÐÄvlogÈë¿ÚFinance (USA) plc will be unconditionally and irrevocably guaranteed by ÌÇÐÄvlogÈë¿Úplc.

    Instruments issued by ÌÇÐÄvlogÈë¿Ú(Commercial Paper) Limited will be unconditionally and irrevocably guaranteed by ÌÇÐÄvlogÈë¿ÚLimited.

    In addition, Instruments are entitled to the benefit of deed poll guarantees entered into by each of ÌÇÐÄvlogÈë¿Úplc and ÌÇÐÄvlogÈë¿ÚLimited pursuant to which each of ÌÇÐÄvlogÈë¿Úplc and ÌÇÐÄvlogÈë¿ÚLimited has guaranteed the relevant contractual obligations of the other company (and the relevant obligations of other persons that are guaranteed by the other company).

    Dealers

    • J.P. Morgan Securities LLC
    • Credit Suisse Securities (USA) LLC
    • Citigroup Global Markets Inc.
    • RBC Capital Markets, LLC

    Issuing and paying agent

    Deutsche Bank Trust Company Americas

Committed bank facilities

On 16 November 2021, ÌÇÐÄvlogÈë¿ÚFinance plc and ÌÇÐÄvlogÈë¿ÚFinance Limited entered into a US$7.5 billion multi-currency revolving credit facility with a syndicate of banks. The facility is guaranteed by ÌÇÐÄvlogÈë¿Úplc and ÌÇÐÄvlogÈë¿ÚLimited. The facility has a five-year term (November 2026) and two, one-year extension options. The facility includes a US$6.2 billion denominated same day access swing-line facility. The funds made available under the facilities may be used for the general corporate purposes of the Group. The new facility replaced the US$7.5 billion dual tranche revolving credit facility dated 15 November 2013, last amended in November 2020.

Outstanding notes - table of issues

  • Debt capital markets

    Issuer

    Coupon %

    Date of Issue

    Maturity

    Ccy

    Amount (m)

    Amount1 (USDm)

    ISIN

    BONDS

    ÌÇÐÄvlogÈë¿ÚFinance (USA) plc

    4.375%

    11/03/2025

    12/03/2027

    USD

    500

    500

    US76720AAQ94

    ÌÇÐÄvlogÈë¿ÚFinance (USA) Limited

    7.125%

    27/06/2008

    15/07/2028

    USD

    750

    750

    US767201AD89

    ÌÇÐÄvlogÈë¿ÚFinance (USA) plc

    4.500%

    11/03/2025

    14/03/2028

    USD

    750

    750

    US76720AAR77

    ÌÇÐÄvlogÈë¿ÚFinance (USA) plc

    FRN

    11/03/2025

    14/03/2028

    USD

    500

    500

    US76720AAY29

    Alcan Inc

    7.250%

    28/10/1998

    01/11/2028

    USD

    100

    100

    US013716AN50

    ÌÇÐÄvlogÈë¿ÚFinance plc

    4.000%

    04/12/2012

    11/12/2029

    GBP

    500

    807

    XS0863076930

    ÌÇÐÄvlogÈë¿ÚFinance (USA) plc

    4.875%

    11/03/2025

    14/03/2030

    USD

    1750

    1750

    US76720AAS50

    Alcan Inc

    7.250%

    23/03/2001

    15/03/2031

    USD

    400

    400

    US013716AQ81

    ÌÇÐÄvlogÈë¿ÚFinance (USA) plc

    5.000%

    11/03/2025

    14/03/2032

    USD

    1250

    1250

    US76720AAT34

    ÌÇÐÄvlogÈë¿ÚFinance (USA) plc

    5.000%

    06/03/2023

    09/03/2033

    USD

    650

    650

    US76720AAN63

    Alcan Inc

    6.125%

    08/12/2003

    15/12/2033

    USD

    750

    750

    US013716AU93

    ÌÇÐÄvlogÈë¿ÚFinance (USA) plc

    5.250%

    11/03/2025

    14/03/2035

    USD

    1750

    1750

    US76720AAU07

    Alcan Inc

    5.750%

    31/05/2005

    01/06/2035

    USD

    300

    300

    US013716AU59

    ÌÇÐÄvlogÈë¿ÚFinance (USA) Limited

    5.200%

    28/10/2010

    02/11/2040

    USD

    500

    500

    US767201AL06

    ÌÇÐÄvlogÈë¿ÚFinance (USA) Limited

    5.200%

    17/05/2011

    02/11/2040

    USD

    300

    300

    US767201AL06

    ÌÇÐÄvlogÈë¿ÚFinance (USA) Limited

    5.200%

    19/09/2011

    02/11/2040

    USD

    350

    350

    US767201AL06

    ÌÇÐÄvlogÈë¿ÚFinance (USA) plc

    4.750%

    19/03/2011

    22/03/2042

    USD

    500

    500

    US76720AAD81

    ÌÇÐÄvlogÈë¿ÚFinance (USA) plc

    4.125%

    16/08/2012

    21/08/2042

    USD

    750

    750

    US76720AAG13

    ÌÇÐÄvlogÈë¿ÚFinance (USA) Limited

    2.750%

    28/10/2021

    02/11/2051

    USD

    1250

    1250

    US767201AT32

    ÌÇÐÄvlogÈë¿ÚFinance (USA) plc

    5.125%

    06/03/2023

    09/03/2053

    USD

    1100

    1100

    US76720AAP12

    ÌÇÐÄvlogÈë¿ÚFinance (USA) plc

    5.750%

    11/03/2025

    14/03/2055

    USD

    1750

    1750

    US76720AAV89

    ÌÇÐÄvlogÈë¿ÚFinance (USA) plc

    5.875%

    11/03/2025

    14/03/2065

    USD

    750

    750

    US76720AAW62

Liability management transactions

  • 2021 $1.2 billion cash tender offer and $1.25 billion new issuance

    28 October 2021

    3 November 2021

    4 November 2021

  • 2018 cash tender offers for up to $2.25 billion
  • 2017 cash tender offers for up to $2.5 billion

    22 May 2017

    6 June 2017

    6 June 2017

    23 June 2017

     

  • 2016 further debt reduction for up to $3 billion of 2017 to 2022 notes

    26 September 2016

    10 October 2016

    11 October 2016

  • 2016 cash tender offers for up to $3 billion of 2018, 2020, 2021 and 2022 notes

    07 June 2016

    13 June 2016

    14 June 2016

    21 June 2016

    21 June 2016

  • 2016 cash tender offers targeting $1.5 billion of 2017 and 2018 notes

    21 April 2016

    Launch media release

    27 April 2016

    28 April 2016

    05 May 2016

    05 May 2016

  • 2010 cash tender offer for $2.5 billion July 2013 bond

    20 October 2010

    28 October 2010

    29 October 2010

Bird's eye view of trees

Other debt

Details on our other debt, including borrowings and other financial liabilities
Kennecott, Bingham Canyon Mine

Debt investors

For our credit profile and ratings, debt information and more