Ferro-Alloy Resources Ltd - vanadium producer in Kazakhstan - Notes the sale of all bonds issued under the $5 million second tranche of the Kazakhstan exempt offer bond programme. The nominal value of the second tranche was $5 million, with a nominal coupon rate of 10%, payable quarterly, and a three year maturity. Ferro-Alloy had listed the second trance of bonds in September, to accelerate the development of the Balasausqandiq project including front-end engineering.

Current stock price: 9.12 pence

12-month change: down 13%

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