New Issue-FMG Resources sells $2.04 bln notes

Oct 26 (BestGrowthStock) – FMG Resources Pty Ltd, a unit of
Fortescue Metals Group Limited (FMG.AX: ), on Tuesday sold $2.04
billion of senior notes in the 144a private placement market,
said IFR, a Thomson Reuters service.

JP Morgan and RBS were the joint bookrunning managers for
the sale.
BORROWER: FMG RESOURCES PTY LTD
AMT $2.04 BLN COUPON 7.00 PCT MATURITY 11/1/2015
TYPE SR NTS ISS PRICE 100.00 FIRST PAY 5/1/2011
MOODY’S B1 YIELD 7.00 PCT SETTLEMENT 10/29/2010
S&P SINGLE-B SPREAD 575 BPS PAY FREQ SEMI-ANNUAL
FITCH BB-PLUS MORE THAN TREAS NON-CALLABLE 2 YRS*
*MAKE-WHOLE CALL 50 BPS

New Issue-FMG Resources sells $2.04 bln notes