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Anglo American sets call price for 3.625% notes, 4.45% notes due 2020
By Susanna Moon
Chicago, May 1 – Anglo American Capital plc set the redemption price in the call for its $352.03 million 3.625% senior notes due 2020 and its $281,406,000 4.45% senior notes due 2020.
The notes will be redeemed on May 3 at redemption price of $363,321,910 for the 3.625% notes and at $292,898,654.51 for the 4.45% notes, according to a notice from the issuer.
For the 3.625% notes, the redemption price consists of par plus the call premium of $5,301,288.37 and accrued interest to the redemption date.
For the 4.45% notes, the redemption price comprises par plus the premium of $10,240,397.81 and accrued interest to the redemption date.
Anglo issued the call on April 3.
For the 3.625% notes, the redemption price was calculated using a discount rate of Treasuries plus 35 basis points while for the 4.45% notes the price was fixed using Treasuries plus 30 bps.
Anglo American Capital is a subsidiary of London-based mining company Anglo American plc, which guarantees the notes.
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