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Norilsk: Won’t Issue Convertible Bonds If Market Turmoil Persists
Sep. 19, 2011 01:57PM PST
Precious MetalsFox Business reported OAO Norilsk Nickel (MCX:GMKN) said Monday that it won’t issue convertible bonds if the current market turmoil persists.
Fox Business reported OAO Norilsk Nickel (MCX:GMKN) said Monday that it won’t issue convertible bonds if the current market turmoil persists.
The market news is quoted as saying,
Norilsk, the world biggest nickel and palladium maker, said last week it will issue convertible Eurobonds in dollars and euros, and will probably do a small bond issue in rubles, to raise funds for about a half of its planned $4.5 billion share buyback.
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