June 7, 2021
Peruvian mining company Minsur has agreed to repurchase $257 million in 6.25% 2024 bonds, or 57% of the outstanding amount, tendered by the early-bird deadline on June 2, it said in a statement on Thursday.
The Lima-based miner said it expects to settle the deal on June 21, paying $1,085 for every $1,000 in principal with an early tender premium of $50.
Minsur said last month that it took out a syndicated loan for up to $300 million from Bank of America and Santander to cover the buyback. Bank
Peruvian miner uses syndicated loan to repurchase $257 mln in 2024 bonds, or 57% of the outstanding amount