25/03/2010 - 08:39

Western Areas in halt on bond issue

25/03/2010 - 08:39

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Shares in Western Areas have entered a trading halt pending details regarding a proposed issue of convertible bonds.

Western Areas in halt on bond issue

Shares in Western Areas have entered a trading halt pending details regarding a proposed issue of convertible bonds.

The company said it had engaged UBS Australia and Macquarie capital advisers as joint lead managers and bookrunners to the convertible bond transaction.

The company said it expects to make an announcement before the start of trade on Monday.

Shares in Western Areas last traded at $5.18.

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