Ferro-Alloy Resources Ltd - vanadium producer in Kazakhstan - Notes the sale of all bonds issued under the USD5 million second tranche of the Kazakhstan exempt offer bond programme. The nominal value of the second tranche was USD5 million, with a nominal coupon rate of 10%, payable quarterly, and a three year maturity. Ferro-Alloy had listed the second trance of bonds in September, to accelerate the development of the Balasausqandiq project including front-end engineering.

Current stock price: 9.12 pence

12-month change: down 13%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.