31st Mar 2020 08:54
(Alliance News) - Anglo American PLC on Tuesday priced a series of notes as part of the miner's senior notes offering.
The company will issue USD750.0 million notes carrying an interest rate of 5.375% and due in 2025 and USD750.0 million notes at 5.625% due 2030.
Anglo American said: "The proceeds from the offering, if completed, will be used for general corporate purposes and to pay fees and expenses related to the offering of the notes.
"It is expected that the notes will be admitted to the official list of the Financial Conduct Authority and admitted to trading on the London Stock Exchange."
Shares in the company were 4.0% higher at 1,391.00 pence each in London on Tuesday morning. In Johannesburg, they were 5.2% higher at ZAR308.78 each.
By Eric Cunha; [email protected]
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