23
Jun
11:53
FMG debt repayments cut costs further
Australia’s FMG has announced yet another debt repayment, paying down $500 million of its 2019 notes. It now estimates it has saved $186m in annual interest through its early payments this year, Kallanish notes.
The miner said Thursday that the latest $500m payment would be made on 28 June from accumulated cash and would save $21m of annual interest payments. The company still has $3.68 billion due in 2019 and another $2.64 billion due in 2022.
Debt rep…
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