Santacruz Silver Mining Ltd’s Bolivian subsidiary, San Lucas S.A., has successfully raised 70 million Bolivian Bolivianos through its inaugural promissory note offering in just 15 minutes. The offering, which features a 6.25% interest rate and matures on February 15, 2026, is oversubscribed, indicating strong local investment confidence. Further offerings are expected as the program has an authorized total of 140 million Bolivian Bolivianos.
Santacruz Silver Mining Ltd, through its wholly owned subsidiary San Lucas S.A. in Bolivia, has successfully completed its inaugural promissory note offering. This program raised 70 million Bolivian Bolivianos and was completely sold out within a mere 15 minutes, demonstrating robust interest from local investors.
Arturo Préstamo, the CEO of Santacruz Silver, expressed that the overwhelming demand indicates strong confidence among Bolivian investors in the company’s operations and future ambitions. He highlighted that this issuance underlines their commitment to contributing to the mining sector and economic progress in Bolivia.
The promissory notes, which are listed on the Bolivian Stock Market, carry an interest rate of 6.25% with a maturity date set for February 15, 2026. The program has an authorized capacity of 140 million Bolivian Bolivianos, signaling potential for future offerings.
In summary, Santacruz Silver Mining Ltd’s first promissory note offering has been met with significant success, reflecting strong local investor support. With plans for additional offerings, the company reiterates its commitment to sustainable growth and contribution to Bolivia’s economic landscape.
Original Source: www.proactiveinvestors.com
