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Xstrata plc announces Bond Issue - Core Sector Communique

Xstrata plc announces Bond Issue

Zug, 19 October 2012
Xstrata plc (“Xstrata”) announces the launch and pricing of a US$ denominated issue of notes (“the Notes”) in a US$4.5 bn 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 $1.25 billion 1.8% guaranteed Notes due October 2015, $1.75 billion 2.45% guaranteed Notes due October 2017, $1 billion 4.0% guaranteed Notes due October 2022 and $0.5 billion 5.3% guaranteed Notes due October 2042.
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 watch positive (Moody’s) and BBB+ with a negative outlook (Standard and Poor’s).
The net proceeds raised will be used to repay existing debt and for general corporate purposes.
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