Iberian Minerals starts international roadshow for $200 million five-year secured notes

By Paul A. Harris

Portland, Ore., Sept. 13 - Iberian Minerals SA began a roadshow on Thursday in London for a $200 million offering of five year senior secured notes (expected ratings B2/B+/B), according to a syndicate source.

The roadshow, which includes a Friday presentation in New York, carries into the week ahead and is set to wrap up on Wednesday.

Joint bookrunner Citigroup Global Markets will bill and deliver. BNP Paribas and Standard Chartered Bank are also joint bookrunners. Scotia Capital and SG CIB are co-managers.

The Rule 144A and Regulation S for life notes come with three years of call protection.

Proceeds will be used to fund capital expenditures and investment plans.

The prospective issuer, which has its registered office in Luxembourg, is a diversified base metals company with mining operations in Spain and Peru.

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