Minsur accepts notes in buyback

Minsur accepts notes in buyback

Bonds Debt Fixed Income Loans Capital Markets Asset Management Peru United States

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

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