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Gold/Mining/Energy : Stillwater Mining , SWC (former PGMS) -- Ignore unavailable to you. Want to Upgrade?

To: PHILLIP FLOTOW who wrote (1196)	7/6/2000 11:53:48 AM
From: PHILLIP FLOTOW	Read Replies (1) \| Respond to of 1336

07/06 11:37A Stillwater Mining Completes $30M Bond Financing DENVER (Dow Jones)--Stillwater Mining Co. (SWC) completed its offering of $30 million in series 2000 tax-exempt bonds. In a press release Monday, the palladium and platinum producer said net proceeds of $28.7 million will finance part of the costs for sewage and solid waste disposal facilities at its Stillwater Mine and East Boulder projects. The 20-year unsecured bonds have a coupon of 8% and a yield to maturity of 8.25%, with interest paid semi-annually. -John Seward; Dow Jones Newswires That yield is awfully high for a tax exempt. PHIL