Peter Hambro lowers conversion price of 7.125% convertibles to 742p

By Devika Patel

Knoxville, Tenn., Sept. 25 - Peter Hambro Mining plc said it has decreased the conversion price on $140 million in 7.125% guaranteed convertible bonds to 742p from 756p, effective Oct. 31.

The convertibles were issued by the company's subsidiary, Peter Hambro Mining Group Finance Ltd., on Aug. 11, 2005.

Peter Hambro is a London-based gold mining operation that operates in Russia.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.