Fixed Income Investors
As at 30 September 2024, Petra had total bond debt of US$199 million (excluding PIK and accrued interest) due in March 2026
Outstanding Bond
| Issue size | US$210 million |
| Coupon | 9 March 2021 to 31 December 2022: PIK interest of 10.50% 1 January 2023 to 30 June 2023: PIK interest of 10.50% pa on 37.7778% of the aggregate principal amount of the Notes and cash pay interest accrues at a rate of 9.75% pa on 62.2222% of the aggregate principal amount of the Notes 1 July 2023 to maturity: cash pay interest of 9.75% Final PIK Factor = 1.227533 |
| Listing | Listed on the Irish Stock Exchange and admitted to trading on the Global Exchange Market |
| Issuance Date | 09 March 2021 |
| Date of Maturity | 08 March 2026 |
| Issuer | Petra Diamonds US$ Treasury Plc |
| Guarantor | Petra Diamonds Limited, plus various subsidiaries (excluding Williamson Diamonds Limited) |
Corporate Ratings
Petra’s current credit ratings from Moody’s and Standard & Poor’s are shown in the table below:
| Agency | Company Rating | Notes Rating | Outlook |
|---|---|---|---|
| Moody’s | Caa1 | Caa2 | Negative |
| Standard & Poor’s | B | B | Negative |
