St Barbara's discounted buy-back

GOLD miner St Barbara has agreed to reacquire $US46 million ($A60 million) – at an average discount of 5% – in aggregate principal of its US 144A senior secured notes through a selective off-market purchase.

The move will save the company $US4.1 million ($A5.3 million) of future interest every year, which would have been payable twice a year until maturity in April 2018.

loader
  • NEW: Digital version of PNG Report magazine - View here
  • Porgera: Barrick-PNG talks go on - Read more
  • Follow the companies investing in the PNG market - Read more

Most read Regions