21 Jumada I 1446 - 22 November 2024
    
Sign up for newsletter
Eye of Riyadh
Business & Money | Sunday 18 January, 2015 12:06 pm |
Share:

Centaur Group Finance Launches 'Centaur Natural Resources Bond' Open to Qualified Investors in the GCC

Centaur Group Finance Ltd ("CGF") is a wholly owned subsidiary of Centaur Holdings Ltd ("Centaur"), a global investment holding company with interests and investments ranging from asset management, wealth management, private equity, venture capital, mining and natural resources and agricultural investments.

The Centaur Natural Resources Bond (the "Bond") has a 3 year term and 12% annual coupon which shall be paid to Qualified Investors on a monthly basis and CGF expects to raise up to US$15m.

CGF intends to use the proceeds from the Bond to finance current Centaur mining projects in the coal and copper sector predominantly in the United Kingdom, South Africa and Namibia and/or the acquisition of capital equipment to expand current mining operations.

The Bonds are available in denominations of US$10,000, with a minimum investment of US$100,000 (or less if the Qualified Investor meets the suitability tests specified by the Bermuda Stock Exchange) and will be listed on the main market of the Bermuda Stock Exchange. The listing agent for the Bond is Cohort Ltd.

The issue is the first of a series of bonds planned by CGF in the coming months, which have been developed based on investor demand for debt products in the GCC and will allow Centaur to enhance its financial flexibility by diversifying its sources of funding

Nicolas Angio, Group CFO of Centaur, commented:

"Centaur is delighted to be launching its first Qualified Investor bond offering to investors in the GCC which was created following investor demand for debt products in the region. Centaur has further bond offerings to launch in the coming months for investors looking for exposure to the different sectors and markets in which Centaur operates in various geographical locations"

For further information please contact Sabrina Zaidi at s.zaidi@centaurasset.com

and also visit http://www.centaur-finance.com

Disclaimer - Intended Addressees

This press release is for information purposes only. No guarantee, representation, undertaking or warranty, express or implied, is given by CGF and/or CHL and/or their respective directors, officers, partners, shareholders, members and/or service providers as to the accuracy or completeness of the information or opinions contained in this press release and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions.

This press release does not constitute or form any part of an offering memorandum, prospectus, offer, invitation or solicitation for the sale of the Bonds by CGF and/or CHL and/or any of their subsidiaries, nor should it be construed to constitute any investment, legal or tax advice. It should not be used or considered for the purpose of any offer to sell or solicitation to buy the Bonds of CGF and/or CHL and/or any of their subsidiaries in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or not authorised. This press release is not aimed at persons who are residents of any country in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make any offer to sell or solicitation to buy the Bonds of CGF and/or CHL and/or any of their subsidiaries.

Please note that the information contained in the Offering Memorandum of the Bonds may be addressed to and/or targeted at persons who are resident of particular countries (specified in the Offering Memorandum) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Offering Memorandum is not addressed.

Prior to relying on the information contained in the Offering Memorandum you must ascertain from the Offering Memorandum whether or not you are part of the intended addressees of the information contained therein.
Share:
Print
Post Your Comment
ADD TO EYE OF Riyadh
RELATED NEWS
MOST POPULAR