“The redemption of the 9% Preference shares removes Fortescue’s most expensive
piece of debt and represents the first step in the Company’s strategy to reduce gearing
levels,” Mr Pearce said. “Fortescue’s strong financial position, together with the sharp
reduction in capital expenditure as we near the completion of our US$9.0 billion
expansion to 155 million tonnes per annum, has enabled the Company to begin debt
repayments this year.
fortescue takes first step in debt reduction
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$18.28 |
Change
-2.070(10.2%) |
Mkt cap ! $56.28B | |||
| Open | High | Low | Value | Volume |
| $18.59 | $18.68 | $18.26 | $482.3M | 26.08M |
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| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8480 | $18.28 |
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| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 300 | 1 |
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| FMG (ASX) Chart |