Sirius difficulties: miner “on knife-edge” as crucial bond offering postponed

Sirius Minerals project 230x150
By Aidan Gregory, Karoliina Liimatainen
06 Aug 2019

UK mining company Sirius Minerals delayed its $500m high yield bond on Tuesday,aiming to try again in September. The clock is ticking on the fertiliser mine project in the Yorkshire Moors. Sirius has until October 30 to entice investors or its whole financing package will collapse.

The company blamed market turbulence as the reason for the delay in a two-sentence press release, published on Tuesday morning. Sirius said it intends to give the bond another go later this quarter “when the conditions have improved”.

Sirius “absolutely” will return to the market in ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.