BOSETO DEBT DRAWDOWN & HEDGINGHighlights:- All the requirements...

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.