Rio Tinto May Borrow as Much as $40 Billion to Finance Alcan Acquisition

(Bloomberg) -- Rio Tinto Group will borrow as much
as $40 billion to finance the acquisition of aluminum producer
Alcan Inc., according to Moody's Investors Service.

Rio Tinto, the world's third-largest mining company, hired
Royal Bank of Scotland Group Plc, Deutsche Bank AG, Credit Suisse
Group, and Societe Generale SA to finance the $38.1 billion deal,
the London-based company said today in a statement. The all-cash
offer for Montreal-based Alcan will be funded from banks, Moody's
said, which would make it the second-biggest loan in Europe.


Read more at Bloomberg Bonds News

Rio Tinto May Borrow as Much as $38 Billion to Finance Alcan Acquisition

(Bloomberg) -- Rio Tinto Group may borrow as much
as $38 billion, the second-biggest loan in Europe, to finance
the acquisition of aluminum producer Alcan Inc.

Rio Tinto, the world's third-largest mining company, hired
Royal Bank of Scotland Group Plc, Deutsche Bank AG, Credit
Suisse Group, and Societe Generale SA to finance the deal, the
London-based company said today in a statement. The all-cash
offer for Montreal-based Alcan means the company may use bank
loans to finance the entire deal.


Read more at Bloomberg Bonds News

European Stocks May Drop on Bond Yields; BP, Rio Tinto May Decline

(Bloomberg) -- European stocks may decline for a
fifth day, the longest rout in three months, after rising bond
yields weighed on equities in the U.S. and Asia.

BP Plc and Total SA may fall after crude oil dropped from a
nine-month high. Rio Tinto Group may lead mining shares lower
after copper slid in Asia. BNP Paribas SA may pace advancing
shares after Les Echos reported Societe Generale SA is studying a
possible bid for its larger banking rival.


Read more at Bloomberg Stocks News