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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 10/18/2021 in the Prospect News Emerging Markets Daily, Prospect News High Yield Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

AngloGold Ashanti offers to buy all $750 million 5 1/8% notes due 2022

Chicago, Oct. 18 – South Africa’s AngloGold Ashanti Holdings plc is offering to purchase any and all of the $750 million outstanding 5 1/8% notes due 2022 (ISIN: US03512TAC53), a press release on Monday announced.

The notes are guaranteed by AngloGold Ashanti Ltd.

AngloGold is offering to buy the notes at a price to be determined by using the 0.125% U.S. Treasury due July 31, 2022 plus 50 basis points.

Pricing will be determined at 10 a.m. ET on Oct. 22.

Interest will also be paid to the settlement date, but no additional interest will be paid to the guaranteed delivery settlement date.

The company seeks to extend its debt maturity profile by buying the 2022 notes and offering new debt securities.

The tender offer is subject to a financing condition of the sale of at least $750 million of new notes.

If the financing condition is satisfied, the company intends to redeem any remaining outstanding securities after the tender offer, under the notes’ make-whole redemption feature.

The offer expires at 5 p.m. ET on Oct. 22, also the withdrawal deadline.

The settlement date is Oct. 25.

The guaranteed delivery deadline is 5 p.m. ET on Oct. 26, with settlement for that tender method on Oct. 27.

The dealer managers are Barclays (+44 20 3134 8515, eu.lm@barclays.com), BNP Paribas (+33 1 55 77 78 94, liability.management@bnpparibas.com), J.P. Morgan Securities plc (+44 207 595 8222, em_europe_lm@jpmorgan.com) and Merrill Lynch International (+44 207 996 5420, 888 292-0070, 980 387-3907, DG.LM-EMEA@bofa.com).

D.F. King & Co., Inc. (212 269-5550, 877 783-5524, +44 20 7920 9700, anglogold@dfking.com, www.dfking.com/anglogold) is the information and tender agent for the offer.

AngloGold Ashanti is a Johannesburg-based gold producer.


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