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Harmony clears last major debt hurdle

I-Net Bridge | Wed, 27 May 2009 08:15
[miningmx.com] -- Harmony Gold has repaid its R1.7bn convertible bond and is substantially debt free.

The convertible bond was issued on 21 May 2004 and was listed on the London Stock Exchange for Bonds.

Graham Briggs, Harmony's Chief Executive said: "With both our Nedbank loan and convertible bond now paid off, Harmony's balance sheet is in excellent health. With cash in the bank, we are in an exciting and advantageous position."


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