Anglogold loses IG rating, embarks on roadshow for bond
South African goldminer AngloGold Ashanti is embarking on a roadshow to market a new bond but also to update investors after Standard & Poor’s downgraded the company by one notch on Wednesday morning to BB+, removing the company’s last investment grade rating. The yield on AngloGold’s 2022s spiked 40bp to 7.75% as a result.
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