African Copper lists multi-million Pula note

In a statement posted on the BSE website, ACU001 is an unsecured fixed interest note at 14 percent per annum paid semi-annually on April 2 and October 2. Its maturity date is April 2, 2015.

The company announced last month that based on discussions with several Botswana institutions, it was considering offering additional notes with similar terms to the Botswana Bond as an alternative to the working capital facility that requires the company to commit to restrictive covenants and hedging requirements.