Aquarius says convertible bond offering increased to $300m

JSE-listed platinum producer Aquarius Platinum’s convertible bond offering would be increased to $300-million, following Goldman Sachs International’s exercise of the over-allotment option. The announcement follows the successful offering of...

Aquarius completes $250m convertible bonds issue

Platinum producer Aquarius Platinum on Tuesday reported that it had completed an offering of about $250-million of unsubordinated, unsecured convertible bonds due 2015. The bonds would be convertible into common shares of Aquarius Platinum and...

Company Announcement: Anglo American Announces Increase Of Convertible Bond Offering To US$1.7 Billion Following Exercise Of Over-Allotment Option

Attached please find a press release on: Anglo American plc (“Anglo American”) announces the full exercise of the over-allotment option (greenshoe) by Goldman Sachs International and Morgan Stanley & Co. International plc, on behalf of the...

Daily podcast – April 21, 2009

In today's podcast: strong demand enables diversified mining major Anglo American to increase its convertible-bond offering by $200-million; and Simmer & Jack reports that the acquisition of the Tau Lekoa mine and the sale of 19,6-million shares...

Strong demand enables Anglo to up convertible bond offering to $1,7bn

Strong demand has enabled diversified mining major Anglo American to increase its convertible-bond offering by $200-million to $1,7-billion from an original $1,5-billion. "In fact, there was in excess of $10-billion of demand," Anglo media...

Global debt markets appear to be easing – analysts

Global debt markets appear to be easing, indicated by the progressively declining capital-raising coupon rates on offer from mining majors BHP Billiton, Anglo American and Rio Tinto. Nedcor Securities Johann Pretorius sees Anglo’s 4%-range...

Anglo raises $1,5bn through bond issue

Global mining giant Anglo American announced fresh details on Thursday relating to its intention to offer $1,5-billion in convertible bonds, which it said would strengthen its balance sheet, diversify its source of funding, and lengthen its debt...

AngloGold Ashanti proposes R11,9bn rights offer to cut hedgebook

Gold major AngloGold Ashanti on Tuesday announced a proposed fully underwritten rights issue to raise R11,9-billion (some $1,6-billion) to reduce its hedge book, and fund the company's growth initiatives. The company would issue 69,4-million...

Gold Fields comes out fighting

South African gold-miner Gold Fields has come out fighting, calling Harmony's merger proposal hostile and inadequate, and it has also appointed Goldman Sachs International and JP Morgan to give it independent advice on the offer.

Norilsk backing critical, but Harmony still has some selling to do

While South African gold producer Harmony has gained irrevocable support from Norilsk Nickel of Russia for its unsolicited proposal to buy Gold Fields Limited for R52,9-billion, it still has its work cut out if it is to convince other Gold Fields...