Barrick Prices $1 Billion of Copper-Linked Notes and Goldcorp Founder Launches Court Action.

0 Comments | M2 Presswire, October, 2006

M2 PRESSWIRE-5 October 2006-U.S. Equity News: Barrick Prices $1 Billion of Copper-Linked Notes and Goldcorp Founder Launches Court Action(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:05102006 City of Industry, CA - Gold & Metals industry alert provided by U.S. Equity News. Barrick Gold Corporation (NYSE:ABX) announced recently the pricing of $1 billion of copper-linked notes comprised of $400 million of 5.75 notes due 2016 and $600 million of 6.35 notes due 2036.

The offering of these notes is expected to close on or about October 12, 2006. During the first three years of these Barrick Notes, the original $1 billion of funding is to be repaid from the sales proceeds of approximately 324 million pounds of copper (equating to approximately $3.08 per pound), and is...