Fortescue repays $US1.6bn of debt

Miner issues voluntary redemption notices for senior unsecured notes.

Fortescue Metals Group (FMG) has continued to reduce its debt by repaying $US1.6 billion ($1.77 billion) of senior unsecured notes.

Shares in the miner lifted 3.5% to $5.335 at the 1015 AEDT official market open, against a benchmark index rise of 0.77%.

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