Newcrest lengthens debts with $1bn public bond
Australian gold producer Newcrest Mining raised $1bn in the international bond market at the start of the week, making its public bond debut after moving to bring its debt maturities much closer in line with its assets.
The company priced a $750m November 2021 bond to yield 245bp over Treasuries, and a $250m November 2041 deal at a 275bp spread over the US government on Monday. Both of these deals came roughly in line with price guidance.
It was a rare 30 year bond from an
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