Uranium One Inc. Puts out Advance Buy-Back Option
OREANDA-NEWS. Canadian-based company Uranium One Inc. (with controlling stake owned by ARMZ Uranium Holding Co.) announced its offer of advance buy-back of a 01 series bonded loan, placed in December 2011 (with the size of equity offering being 14.3 billion rubles, yield rate - 9.75% per annum, assumed circulation period - 10 years with a buy-back option after 5 years).
At the same time, on the projected buy-back date (August 23, 2013) Uranium One Inc. is intending to propose placement of another, a 02 series bonded loan with a face value of 12.5 billion rubles.
Advance buy-back of the first issue of bonds will be carried out after signing preliminary agreements with prospective acquiring parties of a new bonded loan worth the minimum of 11.75 billion rubles.
“The first Uranium One Inc's bonded loan gives an opportunity to acquire a substantial amount of finance at low rates. The loan is the first ever instance of a foreign corporate issuer placing bonds in our country. The new issue of bonds will become yet another recognition of the chosen way of fundraising and will strengthen the company position in the long-term, despite the volatile situation in the world natural uranium market”, said Tigran Khachaturov, the First Executive Vice President of Uranium One Holding N.V.