Centaur Group Finance Ltd (“CGF”) is a wholly owned subsidiary of Centaur Holdings Ltd (“Centaur”), a global investment holding company with interests and investments ranging from asset management, wealth management, private equity, venture capital, mining and natural resources and agricultural investments.
The Centaur Natural Resources Bond (the “Bond”) has a 3 year term and 12% annual coupon which shall be paid to Qualified Investors on a monthly basis and CGF expects to raise up to US$15m.
CGF intends to use the proceeds from the Bond to finance current Centaur mining projects in the coal and copper sector predominantly in the United Kingdom, South Africa and Namibia and/or the acquisition of capital equipment to expand current mining operations.
The Bonds are available in denominations of US$10,000, with a minimum investment of US$100,000 (or less if the Qualified Investor meets the suitability tests specified by the Bermuda Stock Exchange) and will be listed on the main market of the Bermuda Stock Exchange. The listing agent for the Bond is Cohort Ltd.
The issue is the first of a series of bonds planned by CGF in the coming months, which have been developed based on investor demand for debt products in the GCC and will allow Centaur to enhance its financial flexibility by diversifying its sources of funding
Nicolas Angio, Group CFO of Centaur, commented:
“Centaur is delighted to be launching its first Qualified Investor bond offering to investors in the GCC which was created following investor demand for debt products in the region. Centaur has further bond offerings to launch in the coming months for investors looking for exposure to the different sectors and markets in which Centaur operates in various geographical locations”