Anglo American holds one-week tender for $1.2 billion euro equivalent of four notes

By Susanna Moon

Chicago, March 7 – Anglo American Capital plc said it is tendering for up to the $1.2 billion euro equivalent of four series of notes until 11 a.m. ET on March 14.

Pricing will be set at 8 a.m. ET on March 15 as follows:

• €357,496,000 of €750 million 2.75% notes due June 7, 2019 will price using a purchase yield of negative 0.2% for a purchase price of 103.605% assuming a settlement date of March 19;

• €205,369,000 of €600 million 1.5% notes due April 1, 2020 will price using a purchase yield of 0% for a purchase price of 103.053% assuming a settlement date of March 19;

• €354,277,000 of €600 million 2.875% notes due Nov. 20, 2020 will price using the November 2020 interpolated mid-swap rate plus 5 bps; and

• €750 million 2.5% notes due April 29, 2021 will price using the April 2021 interpolated mid-swap rate plus 7 bps.

Settlement has been set for March 19.

The tender offers are being made as part of the company's ongoing proactive capital management, according to a company announcement.

The company said it reserves the right to determine the allocation of the purchase amount between one or more series of notes.

Banco Bilbao Vizcaya Argentaria, SA (+44 20 7648 7516 or liabilitymanagement@bbva.com), Banco Santander, SA (+44 20 7756 6909/+44 20 7756 6646 or tommaso.grospietro@santandergcb.com/King.Cheung@santandergcb.com), HSBC Bank plc (+44 20 7992 6237 or LM_EMEA@hsbc.com) and SMBC Nikko Capital Markets Ltd. (+44 20 3527 7545 or chatterjee@smbcnikko-cm.com) are the joint dealer managers. Lucid Issuer Services Ltd. (+44 20 7704 0880 or angloamerican@lucid-is.com) is the tender agent.

Anglo American is a subsidiary of London-based mining company Anglo American plc.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.