GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Namibia: Anglo American Launches U.S. $1.5 Billion Bonds

27 april 2009

Anglo American this week launched a US$1.5 billion convertible bond. The company said the bonds, due in 2014, would further strengthen its balance sheet, diversify its sources of funding and lengthen its debt maturity profile, reported.
"The proceeds of the offering will be used for general corporate purposes. Under the terms of the offering, there will be a 90 day lock-up period on issuances or sales of shares or equity-linked securities by the company, subject to certain customary exceptions," the company said.
Anglo American said aggregate principal amount of the issue is US$1.5 billion, which may be increased to US$1.7 billion in the event the over-allotment option granted to the Joint Bookrunners is exercised in full.
The bonds will be convertible into new ordinary shares of Anglo American plc and are expected to have a semi-annual coupon, the company said.
They will be issued at 100% of their principal amount and, unless previously redeemed, converted or cancelled, will mature on the fifth anniversary of the issue of the bonds in 2014. The company will have the option to call the bonds after the first three years, should the price of the shares exceed 130% of the then prevailing conversion price over a specified period.
"Application will be made to the London Stock Exchange plc for the bonds to be listed on the official list of the London Stock Exchange and to be admitted to trading on the London Stock Exchange's Professional Securities Market. Listing particulars will be prepared in connection with the listing of the bonds," the company said.