VANCOUVER – B2Gold Corp. is issuing US$225-million worth of convertible senior subordinated notes due in 2018. They will bear an annual interest rate of 3.25% annually. The initial purchasers will also be granted an over allotment totalling US$33.75 million.
B2Gold intends to use the proceeds of the offer for "general corporate purposes."
The company operates three gold mines in Nicaragua and the Philippines as well as several exploration projects in South America. It is also is developing the Otjikoto gold project in Namibia.