AngloGold Ashanti’s bond yields rose to a record after Standard - TopicsExpress



          

AngloGold Ashanti’s bond yields rose to a record after Standard & Poor’s cut the third-biggest bullion producer’s rating to junk because of a record three-month drop in the price of the metal in the second quarter - Bloomberg reported. Yields on the Johannesburg-based company’s dollar bonds due in April 2020 surged 31 basis points to 7.63 percent by 5:05 p.m. in the city. Rates on AngloGold’s debt maturing in August 2022, also denominated in the US currency, climbed 40 basis points, or 0.40 percentage point, to 7.75 percent.
Posted on: Wed, 17 Jul 2013 15:58:06 +0000

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