Gold-Linked Notes

Outstanding (May 31, 2021)
US$19.75M
Currency
U.S. dollars
Maturity
April 30, 2024
Interest
8.25% p.a cash paid monthly
Repayment
Amortized quarterly through sale of physical gold deposited to a Gold Trust Account with floor price protection at US$1,250 per ounce of gold
Rank and Security
Senior unsecured
Other
Gold premium upside for investors
Change of control provisions
Non-callable for first 3 years
Guaranteed by certain subsidiaries