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Nordgold announces pricing of US$400 million senior notes

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Global Mining Review,

Nord Gold SE (Nordgold), the internationally diversified gold producer, announces that it has successfully priced the US$400 million aggregate principal amount of 4.125% notes due 9 October 2024 to be issued by its wholly owned subsidiary, Celtic Resources Holdings DAC, a company incorporated in Ireland, and to be guaranteed by the company’s subsidiaries, Neryungri-Metallik LLC, Rudnik Taborny LLC, Berezitovy Rudnik LLC, JSC FIC Alel, Société Minière de Dinguiraye and High River Gold Mines Ltd.

The notes are expected to be rated ‘Ba2’ by Moody’s and ‘BB’ by Fitch.

There was a large interest in the offering from investors and the order book was oversubscribed more than twice. The notes are expected to be admitted to the Official List of Euronext Dublin and to trading on its Global Exchange Market, with effect from 7 October 2019. The settlement date is expected to be 9 October 2019. The proceeds of the notes will be used for partial repayment of indebtedness and for general corporate purposes.

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