DML 0.00% 1.9¢ discovery metals limited

preopen: boseto debt drawdown & hedging

  1. 345 Posts.
    BOSETO DEBT DRAWDOWN & HEDGING

    Highlights:
    - All the requirements for the Boseto copper project debt finance have
    been completed and first draw down of debt funding is anticipated
    shortly.
    - The debt syndicate comprises Standard Chartered Bank, Standard Bank,
    Credit Suisse and Caterpillar Finance as Joint Lead Arrangers.
    - The interest rate for the loan is a margin of 3.75% over LIBOR.
    - The Boseto copper project remains on track for commissioning and
    first production in the first half of 2012.
 
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