Bloomberg News

AngloGold Asks Banks to Arrange $800 Million Loan

November 08, 2007

AngloGold Ashanti Ltd. (ANG), the world's third-largest gold producer, asked six banks to arrange an $800 million three-year loan to replace existing debt.

The loan will be used to refinance a $700 million loan which is due in January and a A$200 million ($186 million) loan due a month later, AngloGold's head of treasury, Mark Lynam, said in an interview from Johannesburg today.

The lenders are Bank of Tokyo-Mitsubishi UFJ, Barclays Capital, Australia & New Zealand Banking Group, Dresdner Kleinwort Group Ltd., Royal Bank of Scotland Plc and Societe Generale SA. (GLE)

To contact the reporter on this story: Antony Sguazzin in Johannesburg asguazzin@bloomberg.net

To contact the editor responsible for this story: James Ludden at jludden@bloomberg.net


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