FMG 1.20% $21.41 fortescue ltd

http://www.igmarkets.com.au/cfd/market-update-20101015c.htmlBen...

  1. 202 Posts.
    http://www.igmarkets.com.au/cfd/market-update-20101015c.html
    Ben Potter, Research Analyst

    Fortescue Metals ? According to two people familiar with the matter, Fortescue appears to be moving quickly after refinancing US$2.04 billion of debt at the weekend, with plans to raise US$2 billion in the US and European bond markets. One said the company is set to begin marketing the deal to investors in the US and Europe next week, with JP Morgan and RBS involved on the underwriting side. There has been speculation that the iron ore miner could look to raise up to US$6 billion to fund the proposed expansions of its Chichester and Solomon projects. The group said earlier this week that it held discussions with a range of parties on finance options and its corporate bank facility has given it freedom to pursue its advanced expansion plans.

    DYOR
 
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$21.41
Change
-0.260(1.20%)
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$21.52 $21.67 $21.30 $150.5M 7.000M

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No. Vol. Price($)
1 93 $21.40
 

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Price($) Vol. No.
$21.41 12657 3
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