Banquecorp Physical Gold Ltd. gold backed notes (4,55% Fixed Rate Notes
2014-2017 / ISIN: AT0000A10MJ0) were admitted to the Vienna Stock
Exchange on the 14th of February and will start trading on
the 20th of February 2014. The US $ 18 m listing is
conditional upon certain sales levels being met. Originally planned for
September 2013 the issue was postponed due to unfavorable market
sentiment for gold related financial products.
Domen Zavrl, director and CFO of Banquecorp Physical Gold Ltd., stated
“We believe that investors are underestimating the problems of the U.S.
economy and its overall effect. To that end we believe that the issue
will be oversubscribed.“
Holders of the Banquecorp Physical Gold Notes, priced at a nominal of
USD $150,000, will earn a fixed annual rate of 4,55% with interest paid
annually. Even though the gold market remains somewhat bearish
Banquecorp Physical Gold Ltd. already received investment commitments
totaling US $ 10 million representing over 50% of the overall issue for
the gold backed notes. The notes will be sold for face value or above
resulting in a premium.
Banquecorp Physical Gold Ltd.
Tel: +44 20 346 84 232
Tel: +43 11 36 49 063
Source: Banquecorp Physical Gold Ltd.