Reuters |
Wed, 20 May 2009 14:45
[miningmx.com] -- AngloGold Ashanti , the world's third-biggest gold producer, said on Wednesday it had exercised an option to increase its bond offering to $732.5 million, to refinance a debt among other uses.
The Johannesburg-based company said in a statement it had raised the bond offering, due by 2014, by $82.5 million from $650 million, following the exercise of the option.
The bonds will pay a coupon of 3.5 percent and be convertible into American Depositary Shares (ADS), which each represent one AngloGold share at an initial conversion price of $47.6126.