News
13 March 2026

Lucara places $350m bonds for Karowe project

In:
Metals and Mining
Region:
Middle East & Africa

Lucara Diamond has placed $350 million of senior secured bonds to refinance existing debt and fund remaining costs for its Karowe Underground Project in Botswana. The Vancouver-based diamond producer completed the private placement of the five-year, fixed-rate notes, which carry a 12.5% annual...

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