NEW YORK Hudbay
Minerals Inc. has closed the $150-million offering of senior
unsecured notes that will be used to fund mining ventures in
Canada and Peru.
company announced June 20 that it had completed the offering,
which will be used to fund its Lalor and Reed copper projects
in Manitoba and its Constancia copper project in Peru. The
notes, offered June 11, were priced at 102 percent of the
aggregate principal amount, for proceeds of $153 million, that
will yield 9.11 percent to maturity (
amm.com, June 11).
Hudbay also issued $500 million in unsecured notes in
September to support its mining projects (
amm.com, Sept. 7).