South32 Ltd - Perth-based mining company - Closes its offering of USD700 million senior unsecured notes due 2032 by its wholly-owned subsidiary South32 Treasury Ltd. Proceeds will be used to repay full amounts dawn down under its acquisition bridge facility to partially fund the acquisition of a 45% interest in Sierra Gorda.
Current stock price: ZAR5,783.00 in Johannesburg, 300.50 pence in London
12-month change: up 78% in Johannesburg, up 83% in London
By Heather Rydings; heatherrydings@alliancenews.com
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South32 (S32)