Paladin Resources Ltd. (“Paladin”) (ASX and TSX: PDN) is very pleased to announce the pricing of its issue of US$250 million of convertible bonds due 2011 (the “Convertible Bonds”).
The Convertible Bonds are unsubordinated, unsecured obligations of Paladin, carry a coupon of 4.50% per annum payable semi-annually and are convertible into Paladin shares at US$7.685 per share, representing a conversion premium of approximately 38% above the price of Paladin shares at the time of pricing (A$7.090 on 30 November 2006, or US$5.569 based on current exchange rates).
Full text here:
http://www.paladinresources.com.au/aurora/assets/user_content/File/06.11.30_Pricing_of_US$250M_of_Convertible_Bonds.pdf
huge ann. values stock at 38 percent above market , page-3
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Last
$6.88 |
Change
-2.800(28.9%) |
Mkt cap ! $2.057B | |||
| Open | High | Low | Value | Volume |
| $7.74 | $7.74 | $6.83 | $151.8M | 21.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 76475 | $6.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.89 | 4018 | 4 |
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