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BUZZ-Petra Diamonds: issues new debt

Fri, 24th Apr 2015 08:37

** Diamond miner's shares extend recent falls, downc.2 pct after it issues new notes to service debt & expand itsCullinan operations

** Standard & Poor's rates new notes B+, citing volatilityin rough diamond prices & prospect of negative FCF generation

** Stock among top losers on the FTSE 250 index,with more than half of its 30-day avg volume having gone throughin the first hour of trade

** Shares hit last wk when co warned on FY results (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)

Petra Diamonds

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