Tharisa Plans $300 Million Issuance of Senior Secured Bond

MT Newswires · 2d ago
04:34 AM EDT, 09/02/2026 (MT Newswires) -- Tharisa (THA.JO, THS.L) is considering issuing a senior-secured bond with a principal amount of $300 million and a five-year term. The mining, metals, and innovation company said Wednesday it mandated DNB Carnegie, HSBC, and Absa Bank to arrange meetings with potential investors regarding the plan. Tharisa's Arxo Finance subsidiary will issue the bond, with net proceeds earmarked for the Karo platinum mine in Zimbabwe and general corporate expenditures.