September 30, 2020 |
This article was updated on September 30 to include pricing information and the results of a bond buyback.
Mexican mining company Fresnillo sold $850 million worth of 30-year bonds in the international market on Tuesday, looking to raise money to fund a buyback of its 5.5% 2023 notes, according to a source involved in the deal.
The precious metals miner priced the new 4.25% 2050 notes at 98.005 to yield 4.37%, or 295 basis points over US Treasury notes, the source said. Fresnillo plans to settle
Mexican silver miner looks to raise $850 mln in fresh debt to fund the buyback of 2023 notes