Anglo American Plc on Feb. 7 announced plans for early redemption of all of its outstanding US$750 million 9.375% notes due April 8, 2019.
The notes will be redeemed March 9 at a price equal to the greater of 100% of the principal amount of the notes and the sum of the present values of the remaining scheduled payments discounted to the redemption date on a semiannual basis at the treasury rate plus 50 basis points.
The mining giant will also pay accrued and unpaid interest until the redemption date.
