個案資料
了解個案內容與學習目標,選擇授課教師及使用課程。
Inmet Mining Corporation: Corporate Bond Issuance
內容大綱
The chief financial officer (CFO) of Inmet Mining Corporation is considering the pricing and structure of a $500 million bond offering in late 2012. The company required capital to fully fund construction at its biggest asset, the Cobre Panama copper mine, which had been estimated at $6.2 billion dollars. Now, it was preparing yet another bond offering that would ensure these capital cost requirements would be met. Complicating matters was the fact that a competitor, First Quantum Minerals, had made a $70 per share offer to purchase the company in November 2012. The CFO has to weigh options and structure the bond offering accordingly.
學習目標
<ul><li>To consider the interplay between acquisition and capital-raising strategies.</li><li>To explore the pricing of corporate bonds.</li><li>To consider valuation issues in the setting of a mining company.</li></ul>