11th Jan 2021 14:29
Ferro-Alloy Resources Ltd - vanadium mining and processing company operating in Kazakhstan - Raises USD161,475 via issue of bonds on the Astana Stock Exchange. Notes the unsecured bonds have a nominal value of USD2,000 each, have a coupon of 5.8% payable twice each year and are repayable on March 17, 2023.
Says investors have subscribed for 82 of the company's bonds. A total of five bonds were issued at a price per bond of USD2,021.07 at an interest rate of 5.8% on November 23, 52 bonds were issued at a price of USD1,958.32 each with an interest rate of 7.5% on December 14, and 25 bonds were issued at a price of USD1,981.47 each with an interest rate of 7.0% on December 22.
Current stock price: 9.50 pence
Year-to-date change: down 5.9%
By Zoe Wickens; [email protected]
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