Gold Fields Buy $200 Million of Bonds

Gold Fields Buy $200 Million of Bonds

Gold Silver Reports → Gold Fields Ltd., a South Africa-based miner of the precious metal, offered to buy back $200 million of bonds for 17 percent less than their original value.

The Johannesburg-based company will pay a minimum of $830 for every $1,000 of the securities, it said in a statement Friday. The $1 billion bond, which pays 4.875 percent interest and is due October 2020, was traded at 81.13 cents on the dollar at 1:57 p.m. Friday in Johannesburg.

The company has benefited from a gold price that’s up 16 percent this year to $1,232.20 an ounce and weaker currencies in the countries it operates in such as South Africa and Australia. → Neal Bhai Reports

  • हाजिर में आज सोने का दाम करीब 550 रुपये उछल गया है। दरअसल कल रात को अंतरराष्ट्रीय बाजार में जोरदार तेजी आई थी, जिसका असर आज हाजिर में दिख रहा है। अंतरराष्ट्रीय बाजार में अब ऊपरी स्तर से दबाव दिख रहा है। फिलहाल एमसीएक्स पर सोना 0.25 फीसदी की बढ़त के साथ 29375 रुपये पर कारोबार कर रहा है। हालांकि चांदी 0.25 फीसदी टूटकर 37430 रुपये पर आ गई है।


Our site is objectively in letter and spirit, based on pure Technical Analysis. All other content(s), viz., International News, Indian Business News, Investment Psychology, Cartoons, Caricatures, etc are all to give additional ambiance and make the reader more enlightening. As the markets are super dynamic by very nature, you are assumed to be exercising discretion and constraint as per your emotional, financial and other resources. This blog will never ever create rumors or have any intention for bad propaganda. We report rumors and hear-say but never create the same. This is for your information and assessment. For more information please read our Risk Disclaimer and Terms of Use.

Technically Yours,

Team, New Delhi, INDIA