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| Home : Inmet Mining Announces Pricing for US $1.5 Billion Senior Notes Offering |
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May 16
2012 |
Inmet Mining Announces Pricing for US $1.5 Billion Senior Notes Offering |
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TORONTO, CANADA--(Marketwire - May 15, 2012) - Inmet Mining Corporation (TSX:IMN) (Inmet) today announced that it has increased the size of its previously announced offering of US $1 billion aggregate principal amount of senior unsecured notes maturing 2020 (the "Notes") to US $1.5 billion with a coupon of 8.75 percent per annum. The Notes were priced at 98.584 percent of the aggregate principal amount, providing the company with gross proceeds of US $1,478,760,000 and will yield 9 percent to maturity. The offering is expected to close on or about May 18, 2012. Inmet intends to use the proceeds to fund the development of Cobre Panama. |
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| Source:http://www.marketwire.com/mw/release.do?id=1657727&sourceType=3 |
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