Rio Tinto is tapping the US investment-grade bond market on Tuesday (Wednesday AEDT) to raise between $US7 billion and $US9 billion ($14.3 billion) for its just-closed acquisition of Arcadium Lithium, according to people familiar with the matter.
A unit of the world’s second-biggest miner is looking to sell bonds in as many as eight parts, said one of the people who, like the others, asked not to be identified as the details are private.
