1st Jun 2021 17:57
(Alliance News) - Anglo American PLC on Tuesday announced the early results of its tender offer for two series of US dollar-denominated notes and one series of euro-denominated notes, with the final acceptance amount counted at USD868.5 million.
For the USD750 million notes due April 2025, the blue chip miner noted acceptances for USD557.2 million, while for the USD650 million notes due May 2025, the aggregate principal amount tendered came up to USD311.3 million.
No results were announced for the EUR600 million notes.
The tender offers are part of the miner's ongoing balance sheet management, and will look to manage the company's cost of debt and reduce its refinancing risk.
Shares in Anglo American were up 4.0% at 3,261.50 pence on Tuesday in London, while its Johannesburg shares were 2.4% higher at ZAR635.91.
By Dayo Laniyan; [email protected]
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