[miningmx.com] — GOLD FIELDS LIMITED, the world’s fourth largest gold producer, on Friday said the proceeds from its debut US dollar bond would be used to repay certain indebtedness and for general corporate purposes.
Announcing the pricing of the offering, the company said it would issue 10-year, $1bn of notes consisting of 4.875% notes due in 2020.
The notes are being issued by Gold Fields Orogen Holding, a wholly owned subsidiary of Gold Fields, are unsecured and unsubordinated, and are fully and unconditionally guaranteed by Gold Fields and certain of its subsidiaries.
The offering is expected to close next Thursday.
