9 Nov

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 maturity. 

Full announcement...