https://www.miningweekly.com

Polyus launches $250m bond offering

19th January 2018

By: Creamer Media Reporter

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Russian gold miner Polyus on Friday announced a $250-million offering of senior unsecured guaranteed convertible bonds, the proceeds of which it would use for debt refinancing and other general corporate purposes.

The bonds, to be issued by Polyus Finance, are due in 2021.

The bonds are subject to a cash settlement option, convertible into Reg S global depositary receipts (GDR) of the company listed on the LSE, with two GDRs representing one ordinary share.

The bonds are expected to carry a coupon of between 0.5% and 1% a year, payable semi-annually.

Polyus has launched a Eurobond roadshow from Friday to Tuesday. Following the roadshow, the company may launch a benchmark Eurobond offering.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.131 0.171s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: