By Cady Vishniac
Detroit, Jan. 11 – Kazakhstan’s Ferro-Alloy Resources Ltd. has raised $161,475 from bonds on the Astana Stock Exchange, according to a press release.
Eighty-two of the following $2,000-par bonds were sold to investors:
• Five 5.8% bonds at $2,021.07 sold on Nov. 23;
• Fifty-two 7½% bonds at $1,958.32 on Dec. 14; and
• Twenty-five 7% bonds at $1,981.47 on Dec. 22.
The bonds are repayable March 17, 2023.
Ferro-Alloy is a Guernsey-based vanadium mining and processing company with operations in Southern Kazakhstan.
| Issuer: | Ferro-Alloy Resources Ltd.
|
| Issue: | Bonds
|
| Amount: | $161,475
|
| Maturity: | March 17, 2023
|
|
|
| 5.8% bonds
|
| Amount: | $10,000
|
| Coupon: | 5.8%
|
| Price: | $2,021.07
|
| Pricing date: | Nov. 23
|
|
|
| 7½% bonds
|
| Amount: | $104,000
|
| Coupon: | 7½%
|
| Price: | $1,958.32
|
| Pricing date: | Dec. 14
|
|
|
| 7% bonds
|
| Amount: | $50,000
|
| Coupon: | 7%
|
| Price: | $1,981.47
|
| Pricing date: | Dec. 22
|
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