By Kenneth Lim
Boston, April 2 - Anatolia Minerals Development Ltd. on Monday sold C$90 million of five-year convertible senior unsecured debentures at a coupon of 4.75% and an initial conversion premium of 33.3%.
There is an over-allotment option for a further C$10 million.
RBC Capital Markets is the underwriter of the Regulation S offering.
The debentures are convertible into Anatolia's Toronto-listed common stock at an initial conversion price of C$8 per share.
Anatolia, a Lakewood, Colo.-based gold, silver, copper and zinc mining company with projects in Turkey, said the proceeds of the deal will be used to develop its Copler project and fund general purposes.
| Issuer: | Anatolia Minerals Development Ltd.
|
| Issue: | Convertible senior unsecured debentures
|
| Bookrunner: | RBC Capital Markets
|
| Amount: | C$90 million
|
| Greenshoe: | C$10 million
|
| Maturity: | 2012
|
| Coupon: | 4.75%
|
| Price: | Par
|
| Yield: | 4.75%
|
| Conversion premium: | 33.3%
|
| Conversion price: | C$8
|
| Conversion ratio: | 125
|
| Pricing date: | April 2
|
| Settlement date: | April 25
|
| Distribution: | Regulation S
|
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