Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Aim-listed International Mining & Infrastructure Corporation (IMIC) has concluded a bond restructuring process at a cost of about $100 000, which IMIC chairperson Ethelbert Cooper said on Friday increased its cash flexibility over the next few years. The restructuring, which reflected a rate of 5% a year of the nominal value of the bond, introduced a cash payment profile that was more appropriate in the current economic environment.
Aim-listed International Mining & Infrastructure Corporation (IMIC) has concluded a bond restructuring process at a cost of about $100 000, which IMIC chairperson Ethelbert Cooper said on Friday increased its cash flexibility over the next few years. The restructuring, which reflected a rate of 5% a year of the nominal value of the bond, introduced a cash payment profile that was more appropriate in the current economic environment.
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