Canadian Mining Journal

News

BONDS: Teck bond offering raises US$1.25 billion


VANCOUVER – Teck Resources has closed its US$1.25 billion offering of senior unsecured notes. The offering consisted of US$650 million worth of five year notes and US$600 million worth of eight-year notes.

Teck has applied the net proceeds from the offering to fund its repurchase of existing notes, including 3.150% notes due in 2017, 3.850% notes due in 2017, 2.500% notes due in 2018, and 3.000% notes due in 2019.

Information about Teck’s coal and base metal mining business at www.Teck.com.