Treasury
Tharisa Prices $300 Million Senior Secured Bond
London- and Johannesburg-listed mining company Tharisa (THS.L, THA.JO) said Friday it priced a $300 million senior secured bond to be issued by its subsidiary Arxo Finance.The five-year bond is issued at 98% of principal and carries a semi-annual coupon of 11.00% per annum.Settlement is scheduled for Sept. 24, with proceeds earmarked for the development and construction of Tharisa's tier 1 Karo Platinum project in Zimbabwe and for general corporate purposes.
$THA.JO$THS.L
