Edition:
United Kingdom

Nyrstar places 115 million euro convertible bonds due 2022


Wednesday, 6 Jul 2016 

Nyrstar NV : Places EUR 115 million ($127.49 million) convertible bonds due 2022 . Bonds will be issued at 100% of their principal amount and will have a coupon of 5% per annum . Intends to convene an extraordinary general shareholders' meeting to authorise issuance of new ordinary shares upon conversion of bonds . Listing of bonds on open market of Frankfurt Stock Exchange expected to take place no later than three months following closing of offering . Conversion price was set at EUR 9.60 .Closing and settlement of offering are expected to take place on or around July 11.