South32 prices $700m in notes to help settle Sierra Gorda acquisition

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

The 10-year notes will carry an annual interest rate of 4.35%, and be used to settle a bridging facility used to acquire a stake in the Chilean mine

Diversified miner South32 has announced the pricing of a $700m 10-year bond programme, its first in US dollars, that will help fund its recent acquisition of a 45% stake in the Sierra Gorda copper mine in Chile.

South32 has a primary listing in Australia and a secondary listing on the JSE, and was unbundled from BHP in 2015. The group completed the sale of its SA coal assets to Seriti in 2021, and has been on a drive to bulk up its footprint in green metals, or those that will be in demand during a global transition to a lower-carbon future.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines