Kinross Gold has raised $1 billion through a three-part sale of senior unsecured notes in the 144a private placement market. The sale proceeds will be utilized for general corporate purposes, including funding for capital expenditure.
The offering comprised $250 million of 3.625% senior notes due 2016, $500 million of 5.125% senior notes due 2021 and $250 million of 6.875% senior notes due 2041. Morgan Stanley, Bank of America and UBS were joint book runners for the offering, adds Reuters.
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