News
31 March 2026

Lucara closes $350m bond financing

In:
Metals and Mining
Region:
Middle East & Africa

Lucara Diamond closed a private placement of $350 million of senior secured bonds. Proceeds will be used to repay existing project debt and fund development of its Karowe Underground Project. The bonds have a five-year tenor and a fixed coupon of 12.5% per annum, with interest payable in...

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