Newcrest Mining’s $1bn bond lengthens debt profile

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.

  • 10 Nov 2011

It 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 Australian ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,136 9 12.62
2 Citi 2,562 6 10.31
3 Goldman Sachs 2,150 3 8.65
4 Credit Suisse 1,822 6 7.33
5 Societe Generale 1,814 4 7.30

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
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5 Credit Suisse 16,754.47 44 5.28%