** Shares of ASX-listed Alcoa Corp AAI.AX fall 5.4% to A$51.15, their lowest level since September 24
** Bauxite miner announces a $1 billion debt offering
** Says to use funds from the offering to manage internal debts and dividends within its unit
** U.S.-listed shares of the firm AA.N dropped 5.8% overnight
** Stock is one of the biggest percentage losers in the ASX200 benchmark index .AXJO
** Stock fell as much as 7% earlier in the day, marking its worst intraday drop since February 24
** Stock down 13.6% YTD
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))
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