Financing ·
Harmony Gold Mining launches US$500 million offering of guaranteed senior unsecured convertible bonds due 2031
HMYHarmony Gold Mining Co Ltd
Harmony Gold Mining Company Limited announced the launch of a US$500 million offering of guaranteed senior unsecured convertible bonds due in 2031. The net proceeds will be used for general corporate purposes to optimize balance sheet structure and reduce capital costs. The bonds carry a coupon between 1.5% and 2.0%, payable semi-annually, with an expected issue date around September 29, 2026. Conversion is anticipated into approximately 18.9 million ordinary shares, representing roughly 2.9% of current share capital, subject to a premium of 35.0% to 40.0% above the reference price. Guarantors include Harmony Gold (Australia) Pty Limited and other subsidiaries. The company operates in the gold mining industry.