Australia's largest gold miner is offering $750 million in senior unsecured notes due November 15, 2015 with a coupon rate of 4.45% and $250 million in senior unsecured notes due November 15, 2041 with a coupon of 5.75%.
In a short statement, Newcrest said the proceeds would be used to repay existing unsecured debt and for funding a portion of its major growth projects.
"The notes provide very competitive long term capital and further diversify Newcrest's sources of funding," Newcrest managing director and chief executive officer Greg Robinson said.
Settlement of the offering of the notes is expected to take place on November 15, 2011 and is subject to customary closing conditions.
The notes will be issued by Newcrest Finance and guaranteed by Newcrest Mining and its subsidiaries.