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First Quantum to buy Inmet notes

Keywords: Tags  First Quantum Minerals, Inmet Mining

NEW YORK — First Quantum Minerals Ltd. will purchase Inmet Mining Corp.’s remaining 8.75-percent senior notes due in 2020 and 7.50-percent notes due in 2021, the company has said.

The current prices are approximately $109.50 for the 8.75-percent senior notes and $106.313 for the 7.50-percent senior notes, Vancouver, British Columbia-based First Quantum said.

First Quantum recently won a hard-fought battle to take over Toronto-based Inmet for Canadian $5.1 billion (, March 25).

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