Mining giant Anglo American on Tuesday successfully completed its bond buy-back, launched in February, delivering $190-million net debt benefit after “retiring” contractual repayment obligations. The buy-back programme, comprising euro-, sterling- and dollar-denominated maturities from December 2016 to September 2018, realised a $130-million upfront net debt benefit through the discounts achieved on notes and settlement of derivatives and a further $60-million over two years through interest savings.
