15th Mar 2018 15:35
LONDON (Alliance News) - Blue-chip miner Anglo American PLC said on Thursday its subsidiary Anglo American Capital PLC will purchase notes worth EUR590.8 million under its USD1.20 billion under its tender offer.
The purchase is expected to be settled next Monday.
Last Wednesday, Anglo American Capital made 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 were 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.
Any notes not accepted for purchase will remain outstanding.
Shares in Anglo American were down 1.2% at 1,767.20 pence on Thursday.
Related Shares:
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