AngloGold Ashanti plans to launch a concurrent equity offering and mandatory convertible notes offering, the company said. It will offer nearly 16 million new ordinary shares, as well as mandatory convertible subordinated bonds due 2013 which will convert into a maximum of the same number of American depositary shares. Pricing of the stocks as well as final terms of the bonds will be announced after an accelerated bookbuild process. AngloGold Ashanti ( AU - news - people ) will use proceeds to eliminate its gold hedging position while maintaining a strong balance sheet to fund projects. Gold futures are trading at $1,267 an ounce, down from near record highs on Tuesday's close. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
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INVESTMENTS IN INDIA
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http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
****************************************************************
NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.
NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.
****************************************************************
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