Anglo American plc launches Euro 1 billion bond offering
21 May, 2003
Anglo American plc announces that it has launched its inaugural euro-denominated benchmark bond offering, through Anglo American Capital plc. Barclays Capital, BNP Paribas, Dresdner Kleinwort Wasserstein and UBS Limited, are joint lead managers and bookrunners.
The 5 year bond was priced at 99.809, paying a coupon of 3.625% at 60 bps over mid-swaps.
The issue is guaranteed by Anglo American plc.
Proceeds are being used to repay existing bank borrowings.
Anglo American plc with its subsidiaries, joint ventures and associates is a global leader in the mining and natural resources sectors.
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