Anglo celebrates return to IG with four tenders and a new eight year

The UK-based global mining company Anglo American recently returned to investment grade after over 18 months with a junk bond rating. On Wednesday it announced it would tender for four of its shorter dated bonds and priced a new eight year benchmark deal.

  • By Nigel Owen
  • 13 Sep 2017
Anglo was cut to junk status by all three major ratings agencies in February 2016, primarily over concerns around the downturn in commodities prices and the effect this may have on the company. The issuer then spent 18 months with sub-investment grade ratings, until Fitch and Standard & ...

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