Xstrata lowers exchange price on 4% convertibles due 2017

By Devika Patel

Knoxville, Tenn., March 3 - Xstrata plc announced that it has decreased the exchange price of its $375 million in 4% convertible bonds due 2017.

The price is being lowered to 817p from 1,527p.

Based in Zug, Switzerland, Xstrata is a diversified mining group.

© 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.