Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1
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fabriziof
Forumer storico
Diciamo anche che é spinta dal vento
iguanito
Forumer storico
da quando io pratico una giornata come oggi non la ricordo
NoWay
It's time to play the game
AngloGold Offers to Buy Back $810 Million of Bonds to Cut Debt
AngloGold Ashanti Ltd. offered to buy back $810 million of high-yield bonds to cut the third-largest gold producer’s interest payments by almost a third.
By Kevin Crowley - 24/ago/2015 13:07:07
AngloGold Ashanti Ltd. offered to buy back $810 million of high-yield bonds to cut the third-largest gold producer’s interest payments by almost a third.
The company will pay $1,075 for every $1,000 of bonds for the first 10 days of the offer and $1,045 thereafter, it said Monday in a statement. It traded at a bid price of 102.695, or $1,027 for every $1,000 of bonds by 12:24 p.m. in Johannesburg. The company has an option to call the bonds in July 2016.
AngloGold sold $1.25 billion of the bonds due July 2020 with a coupon of 8.5 percent in July 2013 after the price of gold plunged by a quarter during the first half of the year.
The company will pay for the bonds from the sale of its Cripple Creek & Victor mine to Newmont Mining Corp. for $820 million. If the offer is fully taken up, annual interest costs will drop by $69 million to $170 million, AngloGold said.
“This is another decisive step forward in our strategy of cutting debt and reducing our interest bill in order to improve free cash flow,” Chief Financial Officer Christine Ramon said.
More articles on Bonds, Debt
AngloGold Ashanti Ltd. offered to buy back $810 million of high-yield bonds to cut the third-largest gold producer’s interest payments by almost a third.
By Kevin Crowley - 24/ago/2015 13:07:07
AngloGold Ashanti Ltd. offered to buy back $810 million of high-yield bonds to cut the third-largest gold producer’s interest payments by almost a third.
The company will pay $1,075 for every $1,000 of bonds for the first 10 days of the offer and $1,045 thereafter, it said Monday in a statement. It traded at a bid price of 102.695, or $1,027 for every $1,000 of bonds by 12:24 p.m. in Johannesburg. The company has an option to call the bonds in July 2016.
AngloGold sold $1.25 billion of the bonds due July 2020 with a coupon of 8.5 percent in July 2013 after the price of gold plunged by a quarter during the first half of the year.
The company will pay for the bonds from the sale of its Cripple Creek & Victor mine to Newmont Mining Corp. for $820 million. If the offer is fully taken up, annual interest costs will drop by $69 million to $170 million, AngloGold said.
“This is another decisive step forward in our strategy of cutting debt and reducing our interest bill in order to improve free cash flow,” Chief Financial Officer Christine Ramon said.
More articles on Bonds, Debt
fabriziof
Forumer storico
Sei un grande ,hai un mp
londonwhale
Forumer storico
hai iniziato a praticare dopo il 2008
Mi correggo, 2011, mi ricordo una bella primavera per l'italia
fabriziof
Forumer storico
hai iniziato a praticare dopo il 2008
Mi correggo, 2011, mi ricordo una bella primavera per l'italia
Io un 2 novembre di quell'anno ,quella volta l'indice non si riprese ,finimmo a meno 7 mi pare
iguanito
Forumer storico
Iniziai nel periodo post Lehmanhai iniziato a praticare dopo il 2008
Mi correggo, 2011, mi ricordo una bella primavera per l'italia
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HIGH YIELD e oltre, verso frontiere inesplorate, vol.3
