8th Sep 2020 14:55
(Alliance News) - Mining company Anglo American PLC on Tuesday announced multiple tender offers aimed at extending the company's debt maturity profile.
The notes to be tendered include EUR750.0 million 2.500% guaranteed notes due April 29, 2021; EUR750.0 million 3.500% guaranteed notes due March 28, 2022; and USD600.0 million 4.125% senior securities due September 27, 2022.
For the 2.500% notes due April 29, 2021, there is an outstanding nominal amount of EUR377.8 million and it has a fixed purchase yield of minus 0.3%. For the 3.500% notes due March 28, 2022, there is an outstanding amount of EUR750.0 million with the same fixed purchase yield as the former.
Banco Santander, BNP Paribas SA, Morgan Stanley & Co International PLC and Unicredit AG are acting as joint dealer managers for the 2.500% and 3.500% notes.
For the 4.125% US dollar notes due September 27, 2022, the dealer managers include BNP Paribas, Goldman Sachs & Co LLC, HSBC Securities (USA) Inc and Santander Investment Securities Inc.
Anglo American shares were down 1.8% at 1,836.80 pence each in London on Tuesday afternoon. In Johannesburg, the stock was down 0.7% at ZAR407.65.
By Greg Roxburgh; [email protected]
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