- IFC, British International Investment and Proparco agree €87 million loan to Support Sonatel's Telecoms Expansion in Senegal
- Landmark moment for African climate investment as sustainability bond secures London listing
- Market update: FTSE 100 revs up a gear again
- Why Attend AFSIC – Investing in Africa 2024
- Renewable Energy: The Hottest Investment Space in Africa?
Impala Platinum Plunges on $400 Million Bond Refinance
JOHANNESBURG (Capital Markets in Africa) – Impala Platinum Holdings Ltd., the world’s second-largest producer of the precious metal, plunged in Johannesburg trading after saying it will refinance about $400 million of convertible bonds, which could dilute existing shareholders. The existing bonds had an equity conversion price more than four times higher than yesterday’s closing price of 41.46 rand a share. The new bonds will convert to equity at a much lower level of 30 to…
Read More