The world's biggest iron ore producer Rio Tinto will raise $9 billion in U.S. investment-grade bonds as it seeks to fund its recently-closed buyout of Arcadium Lithium, the miner said on Wednesday. Rio is offering the fixed and floating rate debt in eight tranches with terms varying from two years to 40 years.

Rio Tinto Group said it’s seeking to sell bonds in the US to help repay a bridging loan used to finance its $6.7 billion acquisition of Arcadium Lithium Plc.

Rio Tinto has successfully raised $9bn through a US investment-grade bond sale to fund its acquisition of Arcadium Lithium, reported Bloomberg, citing sources. The debt was divided into eight segments,

The world's biggest iron ore producer Rio Tinto is offering $9 billion in U.S. investment-grade bonds as the miner seeks funding for its recently-closed buyout of Arcadium Lithium, Bloomberg News reported on Tuesday.