MELBOURNE, Victoria, Sept. 25, 2012 /CNW/ - Newcrest is raising US$1
billion following a successful offering today in the United States Rule
144A and Regulation S bond markets. The offering consists of US$750
million Senior Unsecured Notes due 1 October 2022 with a coupon of
4.20% and US$250 million Senior Unsecured Notes due 15 November 2041
(the 30 Year Notes) with a coupon of 5.75%.
The 30 Year Notes are a further issue under the 30 year notes series
issued by Newcrest in November 2011.
The notes will be issued by Newcrest Finance Pty Limited, a wholly owned
subsidiary of Newcrest, and guaranteed by Newcrest and certain of its
The proceeds will be used to repay existing unsecured indebtedness of
Newcrest and for general corporate purposes.
Finance Director and Chief Financial Officer Gerard Bond said "We are
pleased to have successfully priced a second Rule 144A corporate bond
issue. The Notes continue Newcrest's strategy of securing very
competitively priced long term capital and diversifying Newcrest's
sources of funding."
The settlement of the offering of the notes is expected to occur on 1
October 2012 and is subject to customary closing conditions.
This announcement does not constitute an offer to sell, or the
solicitation of an offer to buy, any securities in any jurisdiction to
any person to whom it is unlawful to make such an offer or solicitation
in such jurisdiction. The securities referenced above have not been,
and will not be, registered under the United States Securities Act of
1933 (the "Securities Act") or the securities laws of any state of the
United States or other jurisdiction and may not be offered or sold in
the United States, or to, or for the account or benefit of, "U.S.
persons" (as defined in Regulation S under the Securities Act) absent
registration or an applicable exemption from registration.
This information is available on our website at www.newcrest.com.au
SOURCE: Newcrest Mining Limited
For further information:
Investor Enquiries - North America/Europe
T: +1 212 351 5064
Investor Enquiries - Australia/Asia
T: +61 3 9522 5316
T: +61 3 9522 5593