Barrick Gold and its subsidiary, Barrick North America Finance (BNAF), have issued notes worth $4 billion. The offering comprises of $700 million 1.75% notes, due in 2014, $1.1 billion 2.9% notes, due in 2016, $1.35 billion 4.4% notes, due in 2021 and $850 million 5.7% notes, due in 2041.
The sale proceeds will be advanced to the wholly-owned subsidiaries in the Barrick Group and to partly fund the acquisition of Equinox Minerals. The company appointed Citigroup, JP Morgan, Morgan Stanley and RBC to manage the sale, adds Reuters.
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