Global miner Rio Tinto is buying back $US1.359 billion ($A1.78 billion) of its 2017 corporate notes as part of efforts to reduce gross debt.
The company earlier this week announced it planned to buy back notes worth up to $US1.5 billion, but on Friday said it had accepted the lower amount under its any or all offer that closed on April 27, 2016.
The mining giant has outlined sharp cuts in capital expenditure and operating costs over the past few years as it confronts a prolonged downturn in commodities prices. It reported a $US866 million loss in 2015 and in February announced it would slash returns to shareholders.
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