Anglogold to issue 10-year notes to raise US$700 million

AngloGold Ashanti is pleased to announce the pricing of an offering of US$700 million aggregate principal amount of 3.750% notes due in 2030.

Subject to customary conditions, the offering is expected to close on October 1, 2020.

The offering of the Notes will be made under the Company’s and the Issuer’s existing effective shelf registration statement on file with the U.S. Securities and Exchange Commission, which is available online at www.sec.gov.

The Notes will be issued by AngloGold Ashanti Holdings plc a wholly-owned subsidiary of the Company, and will be unsecured and fully and unconditionally guaranteed by the Company.

“The net proceeds from the bond financing will be used to repay a portion of the outstanding borrowings under the US$1.4 billion multi-currency syndicated revolving credit facility, which will remain the Company’s primary short-term funding facility,” AngloGold Ashanti said in a statement.

In addition, the undrawn US$1.0 billion syndicated bridge loan facility, originally entered into in April 2020 to provide additional financial flexibility amid the uncertainty of the COVID-19 pandemic, will be automatically cancelled in an amount equal to the net proceeds from the offering, the release added.

Barclays, BMO Capital Markets, BNP Paribas, BofA Securities, CIBC Capital Markets, Citigroup, Deutsche Bank, J.P. Morgan, RBC Capital Markets, Scotiabank and Standard Chartered Bank are joint bookrunners and ANZ is passive bookrunner for, and underwriters of, the offering.

A preliminary prospectus supplement and accompanying prospectus describing the terms of the offering and other information relating to the Company and the Issuer have been filed with the SEC.

The shelf registration statement, the preliminary prospectus supplement and the accompanying prospectus and the final prospectus supplement, when available, may be obtained, free of charge, by contacting AngloGold Ashanti North America.