Convertible bond issue
Anglo American PLC
8 April 2002
News Release
EMBARGOED UNTIL 0700 8 APRIL 2002
8 April 2002
Anglo American plc - Convertible Bond Issue
This press release is not an offer for sale of the Bonds of Anglo American plc
in the United States. The Bonds are not being registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States or to US persons except pursuant to an applicable exemption from such
registration. Any offering of the securities will be made only by means of a
prospectus containing detailed information regarding Anglo American plc and its
management, including financial statements. Such prospectus will be made
available through Anglo American plc.
In connection with the issue of the Bonds, Schroder Salomon Smith Barney or any
of its agents may over-allot or effect transactions with a view to supporting
the market price of the Bonds and the Shares at a level higher than that which
might otherwise prevail for a limited period after 17 April 2002. However, there
may be no obligation on Schroder Salomon Smith Barney or any agent of it to do
this. Such stabilising, if commenced, may be discontinued at any time and must
be brought to an end after a limited period.
Offering of US$1 billion 3 3/8 per cent Convertible Bonds due 2007
Anglo American plc ("Anglo American") announces that it has launched an issue
(the "Issue") of US$1 billion 3 3/8 per cent Convertible Bonds due 17 April 2007
(the "Bonds") convertible into ordinary shares of Anglo American (the "Shares").
The Bonds will be issued at par and will bear a coupon of 3 3/8 per cent. per
annum payable semi-annually. The conversion price will be £16.13 (US$23.12
assuming an exchange rate of US$1.433: £1), representing a premium of 35 per
cent. over the closing price of the Shares in London on Friday 5 April 2002. If
not converted or previously redeemed the Bonds will be redeemed at par on 17
April 2007. The net proceeds of the Issue will be used by Anglo American to pay
down debt and for general corporate purposes.
Cazenove is Financial Adviser to Anglo American and Authorised Adviser in
relation to the Issue. Schroder Salomon Smith Barney is Lead Manager and sole
Book-runner to the Issue.
Application will be made for the Bonds to be admitted to the Official List of
the UK Listing Authority and to the London Stock Exchange plc for trading on its
market for listed securities.
Enquiries:
Anglo American - London
Investor Relations Media Relations
Nick von Schirnding Kate Aindow
Tel: +44 207 698 8540 Tel: +44 207 698 8619
Anglo American - Johannesburg
Investor / Media Relations
Anne Dunn
Tel: +27 11 638 4730
Cazenove
Financial Adviser to Anglo American plc
Duncan Hunter
Tel: 020 7588 2828
Schroder Salomon Smith Barney
Lead Manager and sole Bookrunner
Susan Lewis
Tel: 020 7986 1145
Notes to Editors:
Anglo American plc is one of the world's largest mining and natural resource
groups. With its subsidiaries, joint ventures and associates, it is a global
leader in gold, platinum group metals and diamonds, with significant interests
in coal, base and ferrous metals, industrial minerals and forest products. The
group is geographically diverse, with operations in Africa, Europe, South and
North America and Australia. (www.angloamerican.co.uk)
This information is provided by RNS
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