06
Oct
02:33
Yancoal Australia prepays $1 billion debt
Australia-listed coal miner Yancoal Australia is prepaying $1 billion of debt from its available cash amid robust coal prices, Kallanish notes.
The prepayment consists of payment toward Yancoal’s syndicated facility and its unsecured related-party loans.
The prepayments deliver an approximate $207 million reduction in total finance cost over the loan periods.
Yancoal chief executive officer David Moult says, combined with debt prepayments in October 2021 …
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Very good overview of the weekly steel market.
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