New Issue-Quadra FNX Mining sells $500 mln notes

Fri Jun 10, 2011 1:26pm EDT

  June 10 (Reuters) - Quadra FNX Mining Ltd QUX.TO on
Friday sold $500 million of notes in the 144a private placement
market, said IFR, a Thomson Reuters service.
  JP Morgan and Credit Suisse were the joint bookrunning
managers for the sale.
BORROWER: QUADRA FNX MINING LTD
AMT $500 MLN      COUPON 7.75 PCT     MATURITY 6/15/2019 
TYPE SR NTS       ISS PRICE 100       FIRST PAY 12/15/2011
MOODY'S B1        YIELD 7.75 PCT      SETTLEMENT 6/17/2011
S&P BB-           SPREAD 530 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS 

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