Obligation Rio Tinto Alcoa 5.75% ( US013716AW59 ) en USD

Rio Tinto Alcoa

107.237 % ▲

Canada

US013716AW59 ( en USD )

5.75% par an ( paiement semestriel )

31/05/2035

Prospectus brochure de l'obligation Rio Tinto Alcan US013716AW59 en USD 5.75%, échéance 31/05/2035

1 000 USD

300 000 000 USD

013716AW5

A ( Qualité moyenne supérieure )

N/A

01/06/2026 ( Dans 58 jours )

Rio Tinto Alcan est une filiale de Rio Tinto spécialisée dans la production d'aluminium et de produits en aluminium, opérant des mines de bauxite, des raffineries d'alumine et des alumineries à travers le monde.

Rio Tinto Alcan a émis une obligation (ISIN : US013716AW59, CUSIP : 013716AW5) de 300 000 000 USD, au taux de 5,75 %, échéant le 31 mai 2035, avec un prix actuel de 100 %, une taille minimale d'achat de 1 000 USD, des paiements semestriels, et une notation S&P de A.

http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt
<DOCUMENT>
<TYPE>424B5
<SEQUENCE>1
<FILENAME>m16769b5e424b5.txt
<DESCRIPTION>SUPPLEMENT & SHELF PROSPECTUS
<TEXT>
<PAGE>
Filed Pursuant to Rule 424(b)(5)
Registration No. 333-110739
PROSPECTUS SUPPLEMENT
(To Prospectus dated November 25, 2003)
(Alcan Logo)
ALCAN INC.
$500,000,000 5.00% NOTES DUE 2015
ISSUE PRICE: 99.093%
$300,000,000 5.75% NOTES DUE 2035
ISSUE PRICE: 99.265%
Interest payable June 1 and December 1
We will pay interest on the Notes due 2015 and on the Notes due 2035 (together
with the Notes due 2015, the "Notes") each December 1 and June 1. The first
interest payment for the Notes will be made on December 1, 2005.
The Notes due 2015 will mature on June 1, 2015 and the Notes due 2035 will
mature on June 1, 2035. We may redeem the Notes, in whole or from time to time
in part, at our option on any date at a redemption price to be determined as
described in this prospectus supplement under the heading "Description of the
Notes--Optional Redemption Feature."
INVESTING IN THE NOTES INVOLVES RISKS. SEE "RISK FACTORS" BEGINNING ON PAGE S-8
FOR A DISCUSSION OF CERTAIN RISKS THAT YOU SHOULD CONSIDER BEFORE PURCHASING ANY
NOTES.
http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt (1 of 91)5/27/2005 6:50:50 AM

http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt
The Securities and Exchange Commission and state securities regulators have not
approved or disapproved of these securities or determined if this prospectus
supplement or the prospectus to which it relates is truthful or complete. Any
representation to the contrary is a criminal offense.
<Table>
<Caption>
------------------------------------------------------------------------------------------------------
PRICE TO UNDERWRITING PROCEEDS
PUBLIC DISCOUNTS TO US
------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Per Note due 2015 99.093% 0.450% 98.643%
-----------------------------------------------------
Total $495,465,000 $2,250,000 $493,215,000
-----------------------------------------------------
Per Note due 2035 99.265% 0.875% 98.390%
-----------------------------------------------------
Total $297,795,000 $2,625,000 $295,170,000
-----------------------------------------------------
</Table>
The Notes will not be listed on any securities exchange. Currently, there is no
public market for the Notes.
We expect that delivery of the Notes will be made to investors through the
book-entry facilities of The Depository Trust Company and its participants,
including Euroclear and Clearstream, Luxembourg, on or about May 31, 2005.
Joint Bookrunners
<Table>
<S> <C> <C>
DEUTSCHE BANK SECURITIES JPMORGAN MERRILL LYNCH & CO.
</Table>
<Table>
<S> <C>
Lead Managers for the Notes due Lead Managers for the Notes due
http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt (2 of 91)5/27/2005 6:50:50 AM

http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt
2015 2035
and Co-Managers for the Notes due and Co-Managers for the Notes
2035 due 2015
RBC CAPITAL MARKETS ABN AMRO INCORPORATED
SCOTIA CAPITAL BNP PARIBAS
SG CORPORATE & INVESTMENT BANKING HSBC
Co-Managers
CITIGROUP
MORGAN STANLEY
UBS INVESTMENT BANK
</Table>
May 25, 2005
<PAGE>
TABLE OF CONTENTS
PROSPECTUS SUPPLEMENT
<Table>
<Caption>
PAGE
---------------
<S> <C>
Forward Looking Statements.................................. S-3
Summary..................................................... S-5
Risk Factors................................................ S-8
Use of Proceeds............................................. S-15
Ratio of Earnings to Fixed Charges.......................... S-15
Description of the Notes.................................... S-16
Canadian Taxation........................................... S-18
United States Taxation...................................... S-19
Underwriters................................................ S-23
Where You Can Find More Information......................... S-25
</Table>
PROSPECTUS
<Table>
http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt (3 of 91)5/27/2005 6:50:50 AM

http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt
<Caption>
PAGE
---------------
<S> <C>
Forward-Looking Statements.................................. 3
About this Prospectus....................................... 3
Where You Can Find More Information......................... 4
About Alcan Inc. ........................................... 5
Use of Proceeds............................................. 5
Ratios of Earnings to Fixed Charges and Earnings to Combined
Fixed Charges and Preferred Stock Dividends............... 6
Description of Debt Securities.............................. 7
Description of Share Capital................................ 19
Description of Preference Shares............................ 20
Description of Common Shares................................ 22
Description of Warrants..................................... 23
Tax Consequences............................................ 25
Experts..................................................... 25
Validity of Securities...................................... 25
Plan of Distribution........................................ 25
</Table>
------------------------
YOU SHOULD RELY ONLY ON THE INFORMATION CONTAINED IN THIS DOCUMENT OR TO
WHICH WE HAVE REFERRED YOU. WE HAVE NOT AUTHORIZED ANYONE TO PROVIDE YOU WITH
INFORMATION THAT IS DIFFERENT. THIS DOCUMENT MAY ONLY BE USED WHERE IT IS LEGAL
TO SELL THESE SECURITIES. THE INFORMATION IN THIS DOCUMENT MAY ONLY BE ACCURATE
AS OF THE DATE OF THIS DOCUMENT.
Unless the context otherwise indicates, the terms "Alcan Inc." or "Alcan,"
the "Company," "we," "us" or "our" mean Alcan Inc. and its controlled
subsidiaries.
S-2
<PAGE>
FORWARD LOOKING STATEMENTS
http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt (4 of 91)5/27/2005 6:50:50 AM

http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt
Certain statements made or incorporated by reference in this prospectus are
forward-looking statements within the meaning of the United States Private
Securities Litigation Reform Act of 1995. These forward-looking statements are
subject to risks and uncertainties. Forward-looking statements include, but are
not limited to, statements concerning industry growth and other trend
projections, anticipated financial or operating performance, business and
financial prospects, strategies, objectives, goals, targets and synergies, as
well as the effects on Alcan of its recent acquisitions, including of Pechiney,
and of its spin-off of Novelis Inc. (the "Novelis Spin-Off"). Forward-looking
statements in this prospectus are sometimes preceded by, followed by or include
the words "believes", "expects", "estimates", "intends", "anticipates", "plans",
"may", "could", "should", "will" or similar expressions. Although Alcan's
management believes that the expectations reflected in such forward-looking
statements are reasonable, readers are cautioned that these forward-looking
statements by their nature involve risk and uncertainty because they relate to
events and depend on circumstances that will occur in the future. Many factors,
in addition to those discussed elsewhere in this prospectus and in the documents
we incorporate by reference, could cause actual results and developments to
differ materially from those expressed or implied by these forward-looking
statements.
The following factors, among others, could cause actual results or outcomes
to differ from the results expressed or implied by forward-looking statements:
- changes in global supply and demand conditions for aluminum and other
products;
- changes in aluminum ingot prices;
- changes in raw materials costs and availability;
- changes in the relative values of various currencies;
- cyclical demand and pricing within the principal markets for Alcan's
products;
- changes in government regulations, particularly those affecting
environmental, health or safety compliance;
http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt (5 of 91)5/27/2005 6:50:50 AM

http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt
- fluctuations in the supply of and prices for power in the areas in which
Alcan maintains production facilities;
- the consequences of transferring, on January 6, 2005, most of the
aluminum rolled products businesses operated by Alcan to Novelis Inc.
("Novelis"), in particular as regards to the liabilities that could
arise as a result of the Novelis Spin-off;
- the effect of integrating acquired businesses and the ability to attain
expected benefits from acquisitions;
- potential discovery of unanticipated commitments or other liabilities
associated with the acquisition and integration of Pechiney;
- major changes in technology that affect Alcan's competitiveness;
- the risk of significant losses from trading operations, including losses
due to market and credit risks associated with derivatives;
- changes in prevailing interest rates and equity market returns related
to pension plan investments, which may result in Alcan's being required
to make larger than expected pension plan contributions;
- potential catastrophic damage, increased insurance and security costs
and general uncertainties associated with the increased threat of
terrorism or war;
- the effect of international trade disputes on Alcan's ability to import
materials, export its products and compete internationally;
- relationships with and financial and operating conditions of customers
and suppliers;
S-3
<PAGE>
- economic, regulatory and political factors within the countries in which
Alcan operates or sells products; and
http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt (6 of 91)5/27/2005 6:50:50 AM

http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt
- factors affecting Alcan's operations, such as litigation, labour
relations and negotiations and fiscal regimes.
Additional information concerning factors that could cause actual results
to differ materially from those in forward-looking statements include, but are
not necessarily limited to, those discussed under the heading "Risk Factors" in
this prospectus supplement and under the heading "Risks and Uncertainties" in
the Management's Discussion and Analysis of Financial Condition and Results of
Operations incorporated into our Annual Report on Form 10-K for the year ended
December 31, 2004, which is incorporated by reference into this prospectus.
We do not undertake any obligation to release publicly the results of any
future revisions we may make to forward-looking statements to reflect events or
circumstances after the date of this report or to reflect the occurrence of
unanticipated events.
S-4
<PAGE>
SUMMARY
ALCAN INC.
We are a Canadian corporation and the parent company of an international
group operating in many aspects of the aluminum and specialty packaging
businesses. Upon the completion of the Novelis Spin-Off, which occurred in
January 2005, we manage our business along four business groups or operating
segments: Bauxite and Aluminum; Primary Metal; Engineered Products; and
Packaging.
Our operations include:
- the mining and processing of bauxite, the basic aluminum ore;
- the refining of bauxite into alumina;
- the generation of electricity for use in smelting aluminum;
- the smelting of aluminum from alumina;
http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt (7 of 91)5/27/2005 6:50:50 AM

http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt
- the recycling of used and scrap aluminum;
- the fabrication of aluminum, aluminum alloys and non-aluminum materials
into semi-finished and finished products;
- the development and supply of specialized plates, hard alloy extrusions,
precision castings and technology to industrial and commercial end
users;
- the production and conversion of specialty packaging and packaging
products for many industries including the food, pharmaceutical,
cosmetic, personal care and tobacco sectors;
- the distribution and marketing of aluminum, non-aluminum and packaging
products; and
- in connection with our aluminum operations, the production and sale of
industrial chemicals.
We have a network of operations encompassing more than 510 facilities in 55
countries and regions with approximately 70,000 dedicated employees, a global
customer base, innovative products and advanced technologies.
Our principal executive offices are located at 1188 Sherbrooke Street West,
Montreal, Quebec, Canada H3A 3G2, and our telephone number is (514) 848-8000.
S-5
<PAGE>
THE OFFERING
The following is not intended to be complete. For a more detailed
description of the Notes, see "Description of the Notes."
ISSUER..................... Alcan Inc.
NOTES OFFERED.............. $500 million aggregate initial principal amount of
Notes due 2015. $300 million aggregate initial
http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt (8 of 91)5/27/2005 6:50:50 AM

http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt
principal amount of Notes due 2035.
MATURITY DATE.............. The maturity date of the Notes due 2015 is June 1,
2015. The maturity date of the Notes due 2035 is
June 1, 2035.
ISSUE PRICE................ In the case of the Notes due 2015, 99.093% plus
accrued interest, if any, from May 31, 2005. In the
case of the Notes due 2035, 99.265% plus accrued
interest, if any, from May 31, 2005.
INTEREST................... The Notes due 2015 will bear interest at 5.00%. The
Notes due 2035 will bear interest at 5.75%.
Interest on the Notes will be payable semi-
annually in arrears. See "Description of the
Notes--Payment of Interest."
RANKING.................... The Notes will rank equally with all of our senior
unsecured indebtedness.
SINKING FUND............... The Notes will not be entitled to the benefit of
any sinking fund.
OPTIONAL REDEMPTION........ We may redeem the Notes, in whole or from time to
time in part, at our option on any date at the
redemption price specified under "Description of
the Notes--Optional Redemption Feature."
ABSENCE OF A PUBLIC MARKET
FOR THE NOTES.............. There is no public trading market for the Notes,
and there is no intention to apply for listing of
the Notes on any national securities exchange or
for quotation of the Notes on any automated dealer
quotation system. See "Risk Factors--We cannot
assure you that an active trading market will
develop for the Notes."
GLOBAL SETTLEMENT.......... Each series of Notes will be represented by one or
more global notes deposited with, or on behalf of,
http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt (9 of 91)5/27/2005 6:50:50 AM

http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt
The Depository Trust Company ("DTC"). You will not
receive certificated Notes unless one of the events
described in the accompanying prospectus under the
heading "Description of Debt Securities--Legal
Ownership and Book-Entry Only Issuance" occurs.
A holder may hold beneficial interests in the Notes
directly through DTC, if the holder is a
participant in DTC, or indirectly through
organizations that are participants in DTC or that
have accounts with participants in DTC, including
Euroclear and Clearstream, Luxembourg. See
"Description of Debt Securities -- Legal Ownership
and Book-Entry Only Issuance" in the accompanying
prospectus.
USE OF PROCEEDS............ We estimate that the net proceeds from the sale of
the Notes will be approximately $788 million. We
will use the net proceeds of this offering to repay
outstanding commercial paper. See "Use of
Proceeds."
RISK FACTORS............... Investing in the notes involves risks. See "Risk
Factors" beginning on page S-8 for a description of
certain risks you should consider before purchasing
any Notes.
S-6
<PAGE>
ADDITIONAL NOTES........... We may, without the consent of the holders of the
Notes, issue additional Notes having the same
ranking and the same interest rate, maturity and
other terms as either series of Notes. Any
additional Notes having such similar terms,
together with the Notes of such series, will
constitute a single series of Notes under the
Indenture.
http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt (10 of 91)5/27/2005 6:50:50 AM

Document Outline

sec.gov
- #1">http://www.sec.gov/Archives/edgar/data/4285/000120621205000134/m16769b5e424b5.txt