Jefferies seals First Quantum high-yield

FIRST Quantum, the copper and nickel mining firm, said at the end of last week that it had completed the pricing for a $350m issue of senior notes due in 2019. Interest on the notes is set to accrue at 7.25 per cent per annum. First Quantum recently hired Jefferies as its broker, having been a long-term client of its co-head of European investment banking Peter Bacchus when he was at Morgan Stanley. Closing and funding are expected to take place around 10 October 2012.