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Home » Karo Mining restructures debt
Companies & Markets

Karo Mining restructures debt

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The Bond is currently due for redemption on December 1, 2025.
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KARO Mining Holdings is restructuring its US$50 million bond it listed on the Victoria Falls Stock Exchange in 2022 as weakening platinum group metals prices weigh down on the company’s profitability.The Issuer is seeking to extend the tenor of the Issuer’s bond by an additional three years to December 1, 2028 thereby aligning with the…

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