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Alumina to raise $US300m

ALUMINA says it has launched a convertible bond offering to raise around $US300 million ($A317 million) to repay existing debt and to fund Alumina’s investment in Alcoa World Alumina and Chemicals (AWAC) growth projects.

MiningNews.Net
Alumina to raise $US300m

The Melbourne-based company said the convertible bonds, which were launched by its finance subsidiary Alumina Finance, will mature in 2013 and will be convertible into fully paid shares of the company....

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