what does it mean to raises $2.5 billion through debt securities registered with the SEC.

Question

I’m doing a case study for my environment class at uni on Rio Tinto’s operations in Mozambique. I’m reading an article with a timeline and in mentions that RT raised $USD 2.5 billion and $3 billion on different occasions through debt securities registered with the SEC.

I’m not fiscally minded at all so I’m struggling to grasp it. Did the SEC lend them $2.5 billion or buy their debt or something?

The SEC ended up raising legal action against them.

In: 0

Answer 1

You register with the SEC to be able to sell stocks/ become a public ally traded company. They raised the money by selling stocks which requires registration with the SEC