March 14, 2012 / 9:58 PM / 5 years ago

Australia's Fortescue prices $2 bln notes

SYDNEY, March 15 (Reuters) - Australia's Fortescue Metals Group said on Thursday it had priced $2 billion in senior unsecured notes to fund the expansion of its iron ore capacity to 155 million tonnes a year.

The offer for the 5 and 10 years was increased from an original size of $1 billion, the firm said in statement. The 5 year notes carry an interest rate of 6 percent per annum, while the 10 year carries 6.875 percent. (Reporting by Narayanan Somasundaram)

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