New Bond Raises US$22,000,000
International Mining & Infrastructure Corporation plc (AIM:
IMIC), the Company focused on unlocking the value of iron ore in
Africa, is pleased to announce that it has successfully raised
US$22,000,000 via a bond instrument (the “New Bond”).
The Company also announces certain proposed changes to the terms of
its four existing bond instruments.
The New Bond has been issued for a term of 4 years and is due to
mature on 5 November 2019. The New Bond bears interest at the fixed
rate of 15 per cent. per annum with 3 per cent payable on 5
November in each year commencing in 2016 and 12 per cent being
deferred and payable with the principal of the New Bond at