Rio Tinto on the 16th said that despite the current global credit market tightening, but its debt plan for the acquisition of Canadian Aluminum Corporation progressed well.
On August 16th, Foreign Power reported that Rio Tinto Ltd. (RioTintoLtd) said on the 16th that despite the current global credit market tightening, its 40 billion U.S. dollar borrowing plan for the acquisition of Alcan Inc. is still progressing well.
Some investors worry that the global credit market tightening triggered by the US subprime crisis may threaten Rio Tinto’s commitment to Alcan.
Rio Tinto’s spokesperson told the media that Rio Tinto's debt-raising plan for the acquisition of Alcan is currently progressing well.
Royal Bank of Scotland, Deutsche Bank, Credit Suisse and Societe Generale have signed a loan agreement with Rio Tinto.