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Article: Placer Dome agrees to financing terms; (all figures in US$ unless otherwise stated).
- Article from:
- PR Newswire
- Article date:
- October 8, 2003
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Placer Dome Inc. (NYSE, TSX, ASX: PDG) has entered into agreements with initial purchasers to issue and sell two previously announced private debenture offerings with an aggregate principal amount of approximately $500 million. The offerings are expected to close on October 10, 2003.
Of the aggregate principal amount, $300 million was offered and will be sold as unsecured 32-year senior debentures with interest payable at a rate of 6.45% per year. The 32-year debentures will be sold at a price of 99.649% of their principal amount to yield 6.476%.
An additional $200 million was offered and will be sold as unsecured senior convertible debentures with ...