Tharisa has announced the results of the private placement of the Bond issued by Karo Mining Holdings plc, a subsidiary of Tharisa, on the Victoria Falls Stock Exchange (VFEX). In total the company raised $31.8m through issue of the bonds yielding 9.5% and with a three year tenor. Whilst this was short of the $50m target we still think it's another positive step, given the macro conditions, to the delivery of the Karo project which we estimate to have a project NPV10 of $494m. On a risked basis, ....
12 Dec 2022
Karo Bond Issue
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Karo Bond Issue
Tharisa Plc (THS:LON), 66.5 | Tharisa Plc (THA:JSE), 0
- Published:
12 Dec 2022 -
Author:
David Butler -
Pages:
4
Tharisa has announced the results of the private placement of the Bond issued by Karo Mining Holdings plc, a subsidiary of Tharisa, on the Victoria Falls Stock Exchange (VFEX). In total the company raised $31.8m through issue of the bonds yielding 9.5% and with a three year tenor. Whilst this was short of the $50m target we still think it's another positive step, given the macro conditions, to the delivery of the Karo project which we estimate to have a project NPV10 of $494m. On a risked basis, ....