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Western Areas cashes up

NICKEL producer Western Areas will issue $A125 million of convertible bonds to repay debt and com...

Kristie Batten
Western Areas cashes up

The convertible bonds are due in 2015 and will be issued at a premium of around 28% to the last Western Areas share price of $5.18. They will have an initial conversion price of $6.61 and carry a coupon...

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