Fortescue shares surge 17 percent on debt deal
SYDNEY (Reuters) - Shares in Australia's Fortescue Metals Group (FMG.AX) surged 17 percent after the world's No.4 iron ore miner said it has lined up $4.5 billion in debt and said firms had expressed interest in partnering in some of its assets.
The shares, which resumed trading after a trading halt, were last up 17.4 percent at A$3.51.
The shares had slumped 14 percent last week on debt worries.
(Reporting by Victoria Thieberger; Editing by John Mair)
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