Junked Anglogold raises $1.25bn to see through tough times
South African gold miner Anglogold Ashanti priced a $1.25bn seven year non-call three bond on Thursday at a yield of 8.5% using cheap guidance to pull in a good deal size, despite being stripped of its last investment grade rating last week.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts