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AngloGold Ashanti Holdings Finance plc, 6.00% Mand Conv Sub Bonds due 9/15/2013
Ticker Symbol: AU-A* CUSIP: 03512Q206 Exchange: NYSE
* NOTE: This security is no longer trading as of 9/15/2013
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QUANTUMONLINE.COM SECURITY DESCRIPTION: AngloGold Ashanti Holdings Finance plc, 6.00% Mandatory Convertible Subordinated Bonds due 2013, liquidation preference $50 per share. The bonds are mandatorily convertible on 9/15/2013 into a variable number of AngloGold Ashanti Ltd (NYSE: AU) American Depositary Shares (ADS) based on the then current price of the ADS shares for 20 consecutive trading days starting 25 days prior to the conversion date. The conversion settlement rate will be 0.91954 ADS shares per bond if the then current market price is equal to or greater than $54.375 and 1.14943 shares per unit if the market price is equal to or less than $43.50. For market prices between those values the settlement rate will be $50 divided by the market value. The last reported sale price of the ADSs on 9/13/2010 was $44.59 per ADS share. The bonds are convertible any time at the holder’s option into 0.91954 ADS shares. At the option of the company, at any time after the approval date (see prospectus), the company may cause the conversion of the bonds into 1.14943 ADS shares plus any accrued and unpaid interest plus the present value of all remaining interest payments. Distributions of 6.00% ($3.00) per annum will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The company may elect to defer interest payments, in which case the deferred interest will accrue interest at the stated interest rate. In regard to the payment of interest and upon liquidation, the bonds are unsecured subordinated obligations of Holdings Finance guaranteed on a subordinated basis by AngloGold Ashanti Ltd and will rank junior to the senior obligations of the company and senior to the common shares of the company. See the IPO prospectus for further information on the mandatory convertible bonds and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
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Stock
Exchange |
Cpn Rate
Ann Amt |
LiqPref
CallPrice |
Call Date
Matur Date |
Moodys/S&P
Dated |
Conversion
Shares@Price |
Distribution Dates |
15%
Tax Rate |
NYSE
Chart
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6.00%
$3
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$50.00
N/A
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9/15/2013
9/15/2013
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NF NF
4/10/2013
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0.91954@$54.375+
1.14943@$43.50-
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3/15, 6/15, 9/15 & 12/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
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No
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Go to Parent Company's Record (AU)
IPO - 9/15/2010 - 13.72 Million Notes @ $50.00/note.
Link to IPO Prospectus
Market Value $686.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: 76 Jeppe Street, Newtown, Johannesburg 2001 South Africa |
| Main Phone Number |
+ 27 (0)11 637 6000 |
| Fax Number |
+27 11 637 6399 |
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Inv Rel Phone Number
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+27 (0) 11 637 6339 |
| Address and Phone Numbers |
| U.S. Representative |
N.A. |
| Address: |
| Main Phone Number |
Not Available |
| Fax Number |
Not Available |
| Investor Relations
Stewart Bailey
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212-836-4303
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Toll Free Phone Number |
Unknown |
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