Anglo American Announces Tender Offers To Extend Debt Maturity Profile

(Alliance News) - Mining company Anglo American PLC on Tuesday announced multiple tender offers ...

Alliance News 8 September, 2020 | 2:55PM
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(Alliance News) - Mining company Anglo American PLC on Tuesday announced multiple tender offers aimed at extending the company's debt maturity profile.

The notes to be tendered include EUR750.0 million 2.500% guaranteed notes due April 29, 2021; EUR750.0 million 3.500% guaranteed notes due March 28, 2022; and USD600.0 million 4.125% senior securities due September 27, 2022.

For the 2.500% notes due April 29, 2021, there is an outstanding nominal amount of EUR377.8 million and it has a fixed purchase yield of minus 0.3%. For the 3.500% notes due March 28, 2022, there is an outstanding amount of EUR750.0 million with the same fixed purchase yield as the former.

Banco Santander, BNP Paribas SA, Morgan Stanley & Co International PLC and Unicredit AG are acting as joint dealer managers for the 2.500% and 3.500% notes.

For the 4.125% US dollar notes due September 27, 2022, the dealer managers include BNP Paribas, Goldman Sachs & Co LLC, HSBC Securities (USA) Inc and Santander Investment Securities Inc.

Anglo American shares were down 1.8% at 1,836.80 pence each in London on Tuesday afternoon. In Johannesburg, the stock was down 0.7% at ZAR407.65.

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Anglo American PLC 2,213.50 GBX -2.30

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