NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA
NEWS RELEASE
XSTRATA PLC ANNOUNCES BOND ISSUE
Zug, 04 November 2011
Xstrata plc ("Xstrata") announces the launch and pricing of a US$ denominated issue of notes (?the Notes?) in a US$3bn four-tranche transaction comprising 3 year, 5 year, 10 year and 30 year Notes issued through its subsidiary Xstrata Finance (Canada) Limited.
The transaction covers $800m 2.85% guaranteed Notes due November 2014, $700m 3.60% guaranteed Notes due January 2017, $1,000m 4.95% guaranteed Notes due November 2021 and $500m 6.00% guaranteed Notes due November 2041.
The Notes are guaranteed by Xstrata plc, Xstrata (Schweiz) AG, Xstrata Finance (Dubai) Limited, and Xstrata Canada Financial Corp. The Notes have been offered and sold pursuant to Rule 144A and Regulation S of the US Securities Act 1933, as amended. Xstrata is currently rated Baa2 with a positive outlook (Moody?s) and BBB+ with a stable outlook (Standard and Poor?s).
The net proceeds raised will be used to repay debt and for general corporate purposes.
Ends
Neither the content of the company's website nor the content of any other website accessible from hyperlinks on the company's website is incorporated into, or forms part of, this announcement.
Xstrata contacts
Claire Divver
Telephone +44 20 7968 2871
Mobile +44 7785 964340
Email cdivver@xstrata.com
Alison Flynn
Telephone +44 20 7968 2838
Mobile +44 7769 314374
Email aflynn@xstrata.com
www.xstrata.com
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act") or any relevant securities laws of any state or other jurisdiction and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States.
Members of the general public are not eligible to take part in the offering. This offering is only addressed to and directed at persons in Member States of the European Economic Area who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC, and any amendment thereto, including the 2010 PD Amending Directive (Directive 2010/73/EU)) and related implementation measures in Member States ("qualified investors").
In addition, in the United Kingdom this announcement is directed exclusively at persons who have professional experience in matters relating to investments who fall within Article 19(5) (Investment Professionals) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (as amended) ("the Order") or other persons to whom it may be directed without contravention of Section 21 of Financial Services and Markets Act 2000 (all such persons together being referred to as "relevant persons"). This announcement must not be acted on or relied on by persons who (a) in the United Kingdom, are not relevant persons, and (b) in any Member State of the European Economic Area other than the United Kingdom, are not qualified investors. Any investment or investment activity to which this communication relations is available only to (a) in the United Kingdom, relevant persons, and (b) in any Member State of the European Economic Area other than the United Kingdom, qualified investors and will be engaged in only with such persons.
This press release does not constitute an offer to sell or the solicitation of an offer to buy debt securities in the United States or any other jurisdiction.
Notes to editors
About Xstrata plc
Xstrata is a global diversified mining group, listed on the London and Swiss Stock Exchanges. Headquartered in Zug, Switzerland, Xstrata maintains a meaningful position in seven major international commodity markets: copper, coking coal, thermal coal, ferrochrome, nickel, vanadium and zinc with additional exposure to gold, cobalt, lead and silver. The Xstrata Group also comprises a growing platinum group metals business, iron ore projects, recycling facilities and a suite of global technology products, many of which are industry leaders. The Group's operations and projects span 20 countries.