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Equity

Sirius Minerals gets $855m for mine, CB already in the money

Sirius Minerals project 230x150

Sirius Minerals completed an $855m equity financing on Wednesday, for the first stage of its plan to build a fertiliser mine in a National Park in North Yorkshire. Priced on Thursday morning, the $400m convertible bond — too risky for many conventional investors — is already trading in the money.

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