Published: August 23, 2013
Namibia-listed miner raises US$225mn from institutional investors in the US.
B2Gold Corporation, a mining company listed in Namibia as well as Toronto and New York, has raised US$225mn in a private placement of convertible senior subordinated notes.
The company, which has mines and assets in Namibia and several countries in Latin America, has issued the five-year bonds to institutional investors in the US. They’re priced with interest of 3.25% and are convertible into 254.29 shares per US$1,000 of notes held.
The company will use the money raised for general business purposes.