Nordic Mining: Successful placement of USD 100 million senior secured bond
Nordic Mining ASA ("Nordic Mining") is pleased to announce that its wholly owned subsidiary Nordic Rutile AS (the "Issuer") has successfully issued USD 100 million in a new 5-year senior secured bond (the “Bond”). The Bond has fixed coupon of 12.5% per annum and an issue price of 90%. The issue was well subscribed by domestic and international quality investors such as pension funds, long-only credit funds, hedge funds and family offices. The settlement of the Bond is expected be on or around the 9 November 2022. The Issuer will make an application for the bonds to be listed on Nordic ABM.