Fortescue Aims to Buy Back More Debt to Benefit From Discount

  • If iron ore price rises, co. can repurchase more debt: CEO
  • NAB says producer likely to have a high cash balance

Fortescue Metals Group Ltd., the fourth largest iron-ore supplier, will seek to repurchase more debt before the year’s end to cut interest costs amid weaker prices for the steelmaking raw material.

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