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Teck Resources Raises $2B
Teck Resources has raised $2 billion through a three-part note sale.
Teck Resourceshas raised $2 billion through a three-part note sale. The $300 million notes sold in the first tranche carry a coupon rate of 3.15% and are due to mature on Jan. 15, 2017, while the second piece of $700 million notes with a coupon rate of 4.75% will mature on Jan. 15, 2022.
The $1 billion notes sold in the third tranche carry a coupon rate of 6.25% and are scheduled to mature on July 15, 2017. The Canadian diversified mining company appointedBank of America Merrill Lynch,CitiandJP Morganas some of the joint bookrunning managers for the transaction.
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