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| Name | Symbol | Market | Type |
|---|---|---|---|
| Nedbank Group Ltd (PK) | USOTC:NDBKY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.07 | 0.49% | 14.37 | 13.97 | 14.54 | 14.37 | 14.3187 | 14.33 | 1,741 | 21:10:42 |
From Jul 2019 to Jul 2024
LONDON--Producer of titanium feedstock industrial minerals Sierra Rutile Ltd (SRX.LN), said Monday it has entered into an agreement with Nedbank Ltd for the provision of a $30 million senior loan facility.
MAIN FACTS:
-The senior loan facility has a tenor of four years from financial close, carries an interest rate of LIBOR plus 5.25%, and is secured against the assets of Sierra Rutile.
-Closing and drawdown of this facility is subject to satisfaction of a limited number of outstanding conditions customary for a financing of this type.
-Sierra Rutile has up until the Dec. 31, 2014 to reach financial close and a further 18 months to draw down the funds.
-Sierra Rutile shares at 0902 GMT traded flat at 69 pence, valuing the company at GBP352.7 million.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Nedbank (PK) Chart |
1 Month Nedbank (PK) Chart |
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