ECM Exchange » bond http://ecmexchange.com IFR\'s coverage of ECM and equity linked markets Tue, 25 May 2010 11:38:59 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Rumour: AngloGold preparing US$3bn-$4bn raise http://ecmexchange.com/blog/2010/01/29/rumour-anglogold-preparing-us3bn-4bn-raise/ http://ecmexchange.com/blog/2010/01/29/rumour-anglogold-preparing-us3bn-4bn-raise/#comments Fri, 29 Jan 2010 10:01:17 +0000 owenwild http://ecmexchange.com/?p=550 AngloGold Ashanti is rumoured to be preparing a major fundraising package across capital markets.

The miner is understood to have mandated Standard Chartered for a US$1bn loan (following the US$1bn term loan from last February) and is understood to have mandated up to six banks for the equity and possibly a bond.

The equity is believed to total US$3bn–$4bn. This would represent in excess of 20% of the market cap so is expected to be completed via a rights issue.

Banks rumoured to be involved on the equity are Barclays Capital, Deutsche Bank, Goldman Sachs, Morgan Stanley and UBS.

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