ENERGY TRANSITION

Twiggy's $930 million debt shuffle masks Fortescue's green losses

Government presses the miner to repay taxpayer funds for hydrogen project

Nathan-Lee Abrahams

Twiggy's $930 million debt shuffle masks Fortescue's green losses

Credits: ENB

Fortescue has moved to buy back about $930 million of its own debt, targeting bonds maturing between 2030 and 2032, in what it says is a routine capital-management exercise to reduce borrowing costs and...

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