Newcrest Mining Limited
(ASX:NCM) says it is raising $US1 billion following a successful offering in the US bond markets.
The gold miner plans to put the proceeds to repaying existing unsecured indebtedness and for general corporate purposes.
Finance Director and Chief Financial Officer Gerard Bond says the notes continue Newcrest’s strategy of securing very competitively priced long term capital and diversifying the company’s sources of funding.
Newcrest Mining recorded a net profit of $1.2 billion in the 2012 financial year.
