Fortescue Metals Group (ASX: FMG) has requested a trading halt and will reply to "continued rumours and speculation in respect of its bank related facilities."
Fortescue said it remains concerned about the speculation.
Fortescue said in a statement it is in discussions with its banks have progressed significantly overnight and it is in the best interests of shareholders to halt trading in Fortescue’s securities.
Fortescue re-iterates its announcement from yesterday that it is in compliance with its banking covenants and is conducting discussions with its supportive banking group.