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Durban Roodeport Deep says greenshoe exercised, raising convertible deal to $66 million
New York, Nov. 13 - Durban Roodepoort Deep, Ltd. said underwriters of its recent offering of 6% convertible senior notes due 2006 exercised the $6 million over-allotment option in full, raising the size of the issue to $66 million.
The South African mining company originally sold $60 million of the convertibles on Nov. 4 at a yield of 6.56% and with a 21.4% initial conversion premium.
CIBC World Markets led the offering.
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