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AngloGold Ashanti to redeem 35% of 8½% bonds via rights issue; loan paydown also an option
By Susanna Moon
Chicago, Sept. 10 – AngloGold Ashanti Ltd. said it plans to use proceeds of a rights issue to redeem its notes or pay down loans.
The company plans to redeem 35% of its 2020 8½% bonds under the provisions that allows the company to redeem bonds from the proceeds of an equity offering, according to a company press release.
The company also may repay amounts drawn under revolving credit facilities or use the funds to further strengthen its balance sheet, the release noted.
AngloGold Ashanti is a gold producer based in Johannesburg.
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