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First Quantum Minerals to redeem $450 million 6½% notes due 2024
By Wendy Van Sickle
Columbus, Ohio, Feb. 14 – First Quantum Minerals Ltd. plans to issue a notice of redemption for $450 million of its outstanding 6½% senior notes due April 2024 (Cusips: 335934AP0, C3535CAH1), according to a company news release on Tuesday.
The notes will be redeemed on Feb. 25 at a redemption price of par plus accrued interest up to but excluding the redemption date. Following the redemption, there will be $400 million principal amount of the notes left outstanding.
The copper producer is based in Vancouver, B.C.
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