By Kari Williamson
KOKS Group’s Eurobonds were placed in June 2011 and the amount of funds raised totalled US$350 million.
The transaction was structured as a Loan Participation Notes offering by KOKS Finance Ltd. The bonds are listed on the Irish Stock Exchange.
The Eurobond interest rate is fixed at 7.75% annual coupon. According to the Loan Agreement coupons are paid on a semiannual basis (in June and December). The bonds maturity date is 23 June, 2016.
KOKS Group is a vertically integrated business focusing on pig iron and coke production, and extraction and processing of coking coal and iron ore.