IN BRIEF: Ferro-Alloy confirms USD5 million second bond tranche

Tue, 17th Oct 2023 15:43

Ferro-Alloy Resources Ltd - vanadium producer in Kazakhstan - Notes the sale of all bonds issued under the USD5 million second tranche of the Kazakhstan exempt offer bond programme. The nominal value of the second tranche was USD5 million, with a nominal coupon rate of 10%, payable quarterly, and a three year maturity. Ferro-Alloy had listed the second trance of bonds in September, to accelerate the development of the Balasausqandiq project including front-end engineering.

Current stock price: 9.12 pence

12-month change: down 13%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Related Shares

More News

29 Apr 2024 12:26

EARNINGS: Aminex says 2024 to be "decisive"; i3 held back by wildfires

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News:

26 Apr 2024 20:02

TRADING UPDATES: Facilities by ADF profit hit by Hollywood strikes

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

15 Feb 2024 15:49

TRADING UPDATES: Biome wins contract; Orosur Mining raises GBP500,000

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

12 Jan 2024 10:42

Ferro-Alloy Resources concentrate processing figures rise in 2023

(Alliance News) - Ferro-Alloy Resources Ltd on Friday said it processed more concentrate in 2023, compared to a year earlier, and expects to maintain ...

22 Dec 2023 14:27

IN BRIEF: Ferro-Alloy Resources shares lose 35% on vanadium price fall

Ferro-Alloy Resources Ltd - vanadium producer in Kazakhstan - Says revenue and profitability in the fourth quarter of 2023 have been lower than previo...