Resurgent Impala Platinum offers CB investors early conversion to cut debt

Aidan Gregory

July 17, 2019 04:00 PM

Platinum_mine_africa_230x150 — (190516) -- SHURUGWI (ZIMBABWE), May 16, 2019 (Xinhua) -- Photo taken on May 16, 2019 shows a smelter at Anglo American's Unki Platinum Mine in Shurugwi, Midlands Province, Zimbabwe. South Africa-based Anglo American Platinum on Thursday commissioned a 62-million-U.S. dollar smelter at its Unki Platinum Mine in Zimbabwe. Zimbabwean President Emmerson Mnangagwa commissioned the smelter and hailed the processing plant as a milestone for the country as it moves towards its vision of becoming a middle-class economy by 2030. (Xinhua/Shaun Jusa) | unreguser/Xinhua News Agency/PA Images

Impala Platinum Holdings, the South African platinum mining company, has launched a tender offer to convert its outstanding 3.25% $250m June 2022 convertible bonds into equity, after a massive rally in its share price over the last year.

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Topics

Africa Equity Africa Bonds Morgan Stanley Equity South Africa Emerging Markets EM - Africa EMEA Africa Equity-Linked

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Aidan Gregory