Kinross to redeem all $500 million 5.95% notes due 2024 on Aug. 10

By Wendy Van Sickle

Columbus, Ohio, July 12 – Kinross Gold Corp. will redeem all $500 million of its outstanding 5.95% senior notes due March 15, 2024 on Aug. 10, according to a news release.

The notes will be redeemed at a price to be determined in accordance with the indenture, which will include accrued interest.

After the redemption, Kinross will have $1.25 billion of senior notes outstanding, and the next note maturity will be July 15, 2027 for $500 million principal amount.

As previously reported, Kinross tapped the high-grade bond market on June 26 for $500 million of 6.25% 10-year notes. At the time of the issuance, the issuer had disclosed its intention to redeem its 5.95% notes with proceeds of the new notes.

Kinross is a Toronto-based gold and silver mining company.

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