Thursday, July 12, 2007

Rio Tinto Bond Risk Jumps on Bid for Alcan, Credit-Default Swaps Show

(Bloomberg) -- The risk of owning the bonds of Rio
Tinto Group, the world's third-largest mining company, rose
after the company agreed to buy aluminum producer Alcan Inc. for
$38.1 billion, according to traders of credit-default swaps.

Contracts on $10 million of London-based Rio Tinto debt
rose $5,000 to $23,500, according to Deutsche Bank AG.


Read more at Bloomberg Bonds News

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