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Banquecorp Physical Gold: Note Issue 50% Subscribed


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© Business Wire 2014
2014-02-19 19:30:02 -

Banquecorp Physical Gold Ltd. gold backed notes (4,55% Fixed Rate Notes 2014-2017 / ISIN: AT0000A10MJ0) were admitted to the Vienna Stock Exchange on the 14 th of February and will start trading on the 20 th of February 2014. The US $ 18 m listing is conditional upon certain sales levels being met. Originally planned for September 2013 the issue was postponed due to unfavorable market sentiment for gold related financial products.

Domen Zavrl, director and CFO of Banquecorp Physical Gold Ltd., stated “We believe that investors are underestimating the problems of the U.S.

economy and its overall effect. To that end we believe that the issue will be oversubscribed.“


Holders of the Banquecorp Physical Gold Notes, priced at a nominal of USD

$150,000, will earn a fixed annual rate of 4,55% with interest paid annually. Even though the gold market remains somewhat bearish Banquecorp Physical Gold Ltd. already received investment commitments totaling US $ 10 million representing over 50% of the overall issue for the gold backed notes. The notes will be sold for face value or above resulting in a premium.

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Banquecorp Physical Gold Ltd.Gabriel TarabayMember of

Advisory BoardTel: +44 20 346 84 232E: info@banquecorp.co.uk : mailto:info@banquecorp.co.uk orMr.

Domen ZavrlCFOTel: +43 11 36 49 063E: zavrl@banquecorp.co.uk : mailto:zavrl@banquecorp.co.uk


Author:
Hossam Abdel-Kader
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