In April 2017, Petra Diamonds Limited issued US$650 million in aggregate principal amount of senior secured second lien notes due 2022.
The US$300 million 8.25% senior secured second lien notes, due 2020, were redeemed on 12 April 2017.
| Issue size | US$650 million |
| Currency | US Dollar |
| Coupon | 7.25% |
| Listing | Global Exchange Market of the Irish Stock Exchange |
| Issuance Date | 12 Apr 2017 |
| Date of Maturity | 1 May 2022 |
| Interest payment dates | Payable semi-annually in arrears on 1 May and 1 November of each year |
| Issuer | Petra Diamonds US$ Treasury Plc, a wholly-owned subsidiary of Petra Diamonds Limited |
| Guarantor | Petra Diamonds Limited, Petra Diamonds UK Treasury Limited and certain of PDL’s subsidiaries |
Petra’s current credit ratings from Standard & Poor’s and Moody’s are shown in the table below (as at 8 August 2017):
| Agency | Company Rating | Notes Rating | Outlook | Publishing Date |
| Standard & Poor’s | B+ | B+ | Negative | 4 August 2017 |
| Moody’s | B1 | B2 | Positive | 30 March 2017 |
John Wright, Barclays: john.c.wright@barclays.com
Edward Dickinson, RBC: edward.dickinson@rbccm.com
Oliver Schofield, RBC: oliver.schofield@rbccm.com
