Carraigmore Resources Group has announced the launch of its first convertible bond. In the form of a convertible bond, as an alternative to a traditional Private Equity investment, an investor profits from a high yield plus the redemption of its investment. On the other side, the investor has an opportunity to convert its debt into equity in the event of an IPO or Trade Sale, at a discounted rate.
The £20,000,000 8% fixed rate convertible bond will launch 1st December 2019, and is due 1st December 2024. This 5 year convertible bond will yield 8% annual interest, paid bi-annually. The bond may be purchased in denominations of £100,000 and above by Corporate Entities Only and is defined as an Institutional bond for the purposes of the Financial Services and Markets Act 2000, and is not suitable for individual investors.
Visit the investors page on our website and download the convertible bond term sheet, terms and conditions and bond application. For more information you can contact ir@carraigmore.com or ask your professional investment advisor to get in touch with us.
