Iron Ore Surge Means Fortescue Bond Buybacks No Longer So Cheap

  • Steelmaking material recorded its biggest-ever one-day gain
  • Prices for the Australian miner's bonds have rebounded

As iron ore prices surge, it’s getting more expensive for Fortescue Metals Group Ltd. to buy back its bonds, a strategy that helped the miner slash its debt pile in 2015.

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