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ORI Orica Limited

17.54
-0.05 (-0.28%)
Last Updated: 04:56:26
Delayed by 20 minutes
Share Name Share Symbol Market Type
Orica Limited ASX:ORI Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05 -0.28% 17.54 17.54 17.55 17.57 17.36 17.41 248,933 04:56:26

Orica: Completes US$600 Million Private Placement Note Issue

11/08/2010 2:16am

Dow Jones News


Orica (ASX:ORI)
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Orica Ltd. (ORI.AU) on Wednesday said its unit Orica Finance Ltd. has placed US$600 million worth of 10-, 12-, 15- and 20-year notes in the U.S. private placement market.

The debt, which was bought by existing U.S. investors and new holders, will be used to pay back bank lines and commercial paper.

The 10-year US$335 million tranche carries a coupon of 4.53%, the US$80 million 12-year tranche has a coupon of 4.63%, the US$85 million 15-year tranche a coupon of 4.88% and the 20-year US$100 million tranche a 5.90% coupon, Orica said in a statement.

The weighted average pricing was 4.82% over the whole placement.

-By Enda Curran, Dow Jones Newswires; 61-2-8272-4687; enda.curran@dowjones.com

 
 

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