Highlights
- CYM shares gained over 9% in the morning hours on 16 January following the company’s latest announcement.
- Cyprium Metals (ASX:CYM) is set to approach international debt capital market investors via fixed income investor calls.
- The contemplated senior secured bond issue is associated with a total debt funding package.
- With the funding, the company is eyeing the recommencement of operations at the Nifty Copper Project.
Cyprium Metals (ASX:CYM) has finalised due diligence and documentation as part of its plan to commence fixed income investor calls for a contemplated senior secured bond issue. The company will approach international debt capital market investors, wherein Pareto Securities will serve as the manager.
Propelled by the company update, CYM share price jumped by more than 9% in the early hours of trade on 16 January 2023. CYM shares were spotted trading at AU$0.165 with a market capitalisation of AU$113.18 million.
With a five-year tenor, a USD-denominated senior secured bond is likely to be issued following the commencement; however, this is subject to inter alia market conditions.
Data source: Company update; Image source: © 2023 Krish Capital Pty. Ltd.
More to come…