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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:

Agency Company Rating Notes Rating Outlook Publishing Date
Standard & Poor’s CCC+ CCC+ Stable 30 October 2019
Moody’s B3 B3 Stable 1 August 2019

Contact:

Henry Waite, Barclays: henry.waite@barclays.com