- Kefi Minerals said market soundings indicated that a bond associated with the funding of its Tulu Kapi gold project in Ethiopia would have a coupon of around 7%.

The bond would be of the 'senior secured sinking fund' variety and be listed in Luxembourg.

'Kefi has been advised that the international bond markets favourably view the Ethiopian Government's smooth transition to its new leadership,' the company said.

At 2:28pm: [LON:KEFI] KEFI Minerals PLC share price was -0.11p at 2.57p

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