Thursday, July 12, 2007

Rio Tinto Bond Risk Reaches Two-Year High on Its $38 Billion Bid for Alcan

(Bloomberg) -- The risk of lending to Rio Tinto
Group jumped to the highest in two years after the world's third-
largest mining company agreed to buy aluminum producer Alcan Inc.
for $38.1 billion, credit-default swaps show.

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


Read more at Bloomberg Bonds News

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