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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Fortescue Metals Group Limited    FMG   AU000000FMG4

FORTESCUE METALS GROUP LIMITED

(FMG)
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End-of-day quote. End-of-day quote AUSTRALIAN SECURITIES EXCHANGE LIMITED - 09/13
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Fortescue Metals : Completes $600 Million Bond Offer in Debt Refinancing -- Update

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09/05/2019 | 05:27pm EDT

By Rhiannon Hoyle

SYDNEY--Fortescue Metals Group Ltd. (FMG.AU) said Friday it has completed a bond offering worth US$600 million that will be used to pay down some existing debt.

The senior unsecured notes, which will attract an interest rate of 4.5%, will be used to repay a portion of the iron-ore miner's existing US$1.4 billion, 2022 syndicated loan facility, Fortescue said. The notes will mature Sep. 15, 2027.

"Fortescue's balance sheet is structured on investment grade terms which have allowed us to take advantage of market conditions to extend the maturity profile of Fortescue's debt at a low cost," said Chief Executive Elizabeth Gaines.

Fortescue is also in negotiations to extend US$600 million of the loan facility to 2025, on the same terms and conditions, said the company. The balance of US$200 million will be repaid in cash, it said.

- Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

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Financials (USD)
Sales 2020 11 467 M
EBIT 2020 5 958 M
Net income 2020 3 683 M
Debt 2020 1 960 M
Yield 2020 11,8%
P/E ratio 2020 5,02x
P/E ratio 2021 8,10x
EV / Sales2020 1,84x
EV / Sales2021 2,32x
Capitalization 19 153 M
Chart FORTESCUE METALS GROUP LIMITED
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Technical analysis trends FORTESCUE METALS GROUP LIM
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 5,51  $
Last Close Price 6,22  $
Spread / Highest target 17,1%
Spread / Average Target -11,5%
Spread / Lowest Target -33,9%
EPS Revisions
Managers
NameTitle
Elizabeth Anne Gaines Chief Executive Officer & Executive Director
John Andrew Henry Forrest Chairman
Greg Lilleyman Chief Operating Officer
Ian Wells Chief Financial Officer
Mark Bradley Barnaba Deputy Chairman
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