Mining and metals company First Quantum Minerals has made a $2.2 billion high yield issue.
The offering consisted of $1.1 billion 7.5% notes due 2023 and $1.1 billion 7.25% notes due 2025.
First Quantum concurrently offered to purchase $350 million of its notes due 2019 and $1.1 billion of its notes due 2020.
The proceeds will be used for a variety of purposes, including for refinancing and for the notes repurchases.
The initial purchasers were BNP Paribas, Barclays, JPMorgan, Citigroup, Crédit Agricole, Credit Suisse, ING, RBC Capital Markets, Société Générale, Standard Chartered, Natixis, Nedbank and Rand Merchant Bank.
Kurt Stumpo - Journalist
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