Peruvian miner notches opportunistic bond buy-back

Peru, mine, coal, zinc, metals, gold, silver, mining, LatAm
By Oliver West
26 Feb 2020

Nexa Resources Perú, the mining company previously known as Compañía Minera Milpo, will buy back more than half of a dollar bond maturing in 2023 as it’s set to wrap a tender offer.

Investors owning some $213.98m of the BB+/BBB- rated Nexa’s 4.625% 2023s, some 62.38% of the principal. The company will spend 106.75 cents on the dollar to repurchase the notes, equating to a premium of around 1.75 cents versus the bid side of where the bond was trading before ...

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