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New Hope makes it two convertibles in two days

The deals are different, but both show there is capital for miners – and capital that’s more attractive or available than vanilla bank debt or equity.

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It’s good to see the miners get a bit more creative with their funding structures.

Fresh from Liontown Resources raising $US250 million ($380 million) via the sale of convertible notes to customer LG Energy Solution, cash-rich coal miner New Hope was out with a $300 million convertibles raising of its own on Wednesday night.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/new-hope-makes-it-two-convertibles-in-two-days-20240703-p5jqox