7th Mar 2018 10:53
LONDON (Alliance News) - Blue-chip miner Anglo American PLC subsidiary Anglo American Capital PLC on Wednesday announced a tender offer for outstanding notes worth up to USD1.20 billion.
Anglo American Capital is to make a cash offer for the EUR750.0 million 2.750% notes due in June 2019, with an outstanding amount of EUR357.5 million.
Other notes under offer are the outstanding EUR205.4 million of the EUR600.0 million 1.500% notes due April 2020, the outstanding EUR354.3 million of the 2.875% EUR600.0 million notes due November 2020, and the entirety of the EUR750.0 million 2.500% notes due at the end of April 2021.
The price of the purchases will be determined around midday on Thursday next week.
Anglo American PLC shares were down 2.0% on Wednesday morning at 1,725.00 pence each.
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