MMG seeks $1.6 billion via share placement and convertible bond sale, term sheet shows
MMG seeks $1.6 billion via share placement and convertible bond sale, term sheet shows SINGAPORE, June 15 (Reuters) - MMG Ltd 1208.HK is seeking to raise about $1.6 billion through a new share placement and a convertible bond sale, according to a term sheet seen by Reuters on Monday, as the Hong Kong-listed global mining company looks to repay debt and fund growth.
(Reporting by Yantoultra Ngui in Singapore; Editing by Emelia Sithole-Matarise)
Recent news on MMG
See all newsBrief: MMG Says Long Stop Date With Anglo American Extended To December 31
MMG extends long-stop date for Anglo American Brazil nickel deal to Dec 31
Deals of the day-Mergers and acquisitions
MMG to guarantee European ferronickel supply in bid for EU approval of Anglo American deal (updated)
MMG says offered EU concessions for Anglo American deal