Fixed Income Investors

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 Summary

 

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

Corporate Credit Ratings

 

Petra’s current credit ratings from Standard & Poor’s and Moody’s are shown in the table below (as at 13 October 2017):

Agency Company Rating Notes Rating Outlook Publishing Date
Standard & Poor’s B B Stable 13 October 2017
Moody’s B2 B3 Rating under review 18 October 2017

Contacts

John Wright, Barclays: john.c.wright@barclays.com

Edward Dickinson, RBC: edward.dickinson@rbccm.com
Oliver Schofield, RBC: oliver.schofield@rbccm.com