Fortescue eyes lower repayments

Group to use credit market conditions to lower interest repayments on debt.

Fortescue Metals Group (FMG) is looking to take advantage of favourable credit market conditions to lower the interest repayments on its debt.

The iron-ore giant will seek to reduce the interest rate applied to its $US5 billion ($A5.24 billion) senior credit facility, that's due to mature in October 2017.

The debt facility currently has a total coupon rate of 5.25%.

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