|
|
Article: Placer Dome completes financing; (all figures in US$ unless otherwise stated).
- Article from:
- PR Newswire
- Article date:
- October 10, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Placer Dome Inc. (NYSE, TSX, ASX: PDG) has completed the issuance and sale of two previously announced private debenture offerings totalling $530 million aggregate principal amount.
Of the aggregate principal amount, $300 million was sold as unsecured 32- year senior debentures with interest payable at a rate of 6.45% per year. The 32-year debentures were sold at a price of 99.649% of their principal amount to yield 6.476%.
An additional $230 million was sold as unsecured senior convertible debentures with interest payable at a rate of 2.75% per year. The option to purchase an additional 15% of convertible debentures that was granted to the initial ...