Australia's Terracom hits over 3-year high on repayment to bondholders

Terracom

20/05/2022 02:59

** Shares of Terracom  TER.AX  jump as much as 12.3% to
A$0.685, hitting highest since April 2019
    ** Coal miner says the it has paid further $20 million to
bondholder in its Euroclear bond facility  urn:newsml:reuters.com:*:nFWN2XB164 
    ** Miner says principle owing to Euroclear bond is now $18.8
mln
    ** Stock posts its biggest intraday gain since April 8 
    ** Co says on track to declare a dividend for period ending
June 30 
    ** Stock has more than doubled in value this year as of last
close 
    


 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))