Report
Roger Bade
EUR 57.00 For Business Accounts Only

Petropavlovsk (POG) -New Senior Notes to refinance bank debt

US$500m of 8.125% Senior Notes repayable on 14th November 2022 have been sold, thus refinancing their bank debt from two Russian banks. The interest rate paid is around that of the bank debt, but it eliminates the need for bank debt covenants and extends the debt profile.
Underlying
Anglo American plc

Anglo American is a global mining company with a portfolio of mining operations and undeveloped resources. Co. is focused on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Co.'s segments include: De Beers, which produces rough and polished diamonds; Copper, which produces copper; Platinum, which produces PGMs; Iron Ore and Manganese, which produces iron ore, manganese ore and alloys; Coal, which produces metallurgical coal and thermal coal; and Nickel, which produces nickel.

Provider
Whitman Howard
Whitman Howard

Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.

The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.

Analysts
Roger Bade

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