Kinross Gold has raised $1 billion in a sale of debt securities. The $250 million senior notes, sold in the first part, carry a coupon rate of 3.625% and are due to mature in 2016. The $500 million notes, sold in the second tranche, carry a coupon rate of 5.125% and are due to mature in 2021.
The third tranche of $250 million notes, which carry a coupon rate of 6.875%, is due to mature in 2041. The notes are guaranteed by certain of Kinross’ wholly owned subsidiaries.
Click here for the release from Market Wire.