Wednesday, June 1, 2011

Buying a trick

Buy Russia's Polyus Gold majority of Kazakh gold producer KazakhGold encountered an unexpected problem, the newspaper Kommersant. In case of change of the controlling shareholder owners Eurobond KazakhGold $ 200 million can bring them to the early redemption of 101% of nominal. Kazakh companies to purchase money may not be enough. Now KazakhGold asks holders of securities to abandon early redemption at a premium of 11% of the current value.

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