Iberian plans $200m debut HY bond

13 Sep 2012

Iberian Minerals, a copper mining company, hopes to raise $200m of senior secured bonds in the European and US high yield markets.

The five year non-call three transaction would be the high yield debut for the business, 98.1% owned by Trafigura, the Dutch commodity trading business. It is expected to be rated B2/B+/B.

Bookrunners Citigroup (billing and delivering), BNP Paribas and Standard Chartered organised a roadshow, which started on Thursday ...

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