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Nord Gold redeems US$500M debt

Nord Gold SE said May 10 that it redeemed US$500 million in outstanding eurobonds.

The notes, which were issued in May 2013, have a 6.375% annual coupon and a five-year maturity. Part of the issue totaling US$52 million was earlier repurchased by the company.

In March, Nord Gold secured a five-year debt facility of US$300 million to refinance its existing eurobonds, worth US$448 million. The redemption was partially funded by the company's cash.