Sounds like now is a good time to buy RIO...
The bonds are long-dated, 60 years with a seven-year conversion timeframe and coupons of 9% and 9.5%. Such a deal would also quell concerns over Foreign Investment Review Board (FIRB) approval. As the present Chinalco proposal would deliver the Chinese influence over Rio but not control, it is likely to pass FIRB.
rio reply to concerns, page-11
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Last
$105.68 |
Change
-2.440(2.26%) |
Mkt cap ! $39.28B | |||
| Open | High | Low | Value | Volume |
| $106.15 | $106.52 | $105.11 | $125.0M | 1.180M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1342 | $105.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $105.70 | 983 | 1 |
View Market Depth
| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| RIO (ASX) Chart |