SILVERCORP ANNOUNCES PRICING OF US$130 MILLION CONVERTIBLE SENIOR NOTES OFFERING
Portfolio Pulse from
Silvercorp Metals Inc. has announced the pricing of its US$130 million convertible senior notes offering, with an option for an additional US$20 million. The notes carry a 4.75% interest rate and are due in 2029.

November 21, 2024 | 8:15 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Silvercorp Metals Inc. has priced its US$130 million convertible senior notes offering at 4.75%, due 2029, with an option for an additional US$20 million.
The successful pricing of the convertible notes indicates strong investor interest and provides Silvercorp with significant capital. This can be seen as a positive development for the company's financial flexibility and growth prospects, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100