News Column

IMIC Amends Maturity Date Of USD50 Million Bond Instrument

August 11, 2014

Rowena Harris-Doughty

LONDON (Alliance News) - International Mining & Infrastructure Corporation PLC Monday said it has amended the maturity date of its USD50 million bond instrument.

In a statement, the iron ore mining company said the final redemption date is now October 18, 2015. No changes were made to the semi-annual interest rate of 8.125% per year.

Of the USD50 million bond instrument, USD10 million has been issued, said the company.

"'We are pleased with the continued support of our Bondholders as we move forward with the plans and development of the Nkout and Ntem projects in Cameroon," said Chairman Haresh Kanabar in a statement.

Shares in IMIC were trading 1% lower at 25.50 pence before midday Monday.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Alliance News

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters