Placer Dome Inc, founded in 1955 and headquartered in Vancouver, Canada, is a prominent mining company specializing in the exploration, development, and production of gold and other precious metals. The company's operations are primarily focused on the Americas, with significant mining interests in North America and South America.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| ABXCN 6.38% 2033-03-01 USDPlacer Dome Inc | Canada | 2033-03-01 | 6.375 | 4.34 |
| ABXCN 6.45% 2035-10-15 USDPlacer Dome Inc | Canada | 2035-10-15 | 6.450 | 4.94 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Placer Dome Inc made its first bond issuance in the 1990s to finance major acquisitions and expansion projects. Notably, the company issued a $500 million bond in 2003 to support its growth initiatives, which was well-received due to its competitive yield of 5.5% compared to industry standards at the time. Following its acquisition by Barrick Gold in 2006, the remaining bonds exhibited unique features such as callable options, allowing investors to redeem the bonds before maturity under specific conditions. Recent developments have seen Placer Dome’s legacy bonds trading at yields reflecting market conditions, with investors showing interest due to the company's historical significance in the gold mining sector.