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Sherritt International offers bondholders a 50% haircut

Canadian diversified miner Sherritt International is offering its bondholders a 50% haircut as it attempts to strengthen its balance sheet ahead of approaching debt maturities and ongoing liquidity constraints.

Sherritt International offers bondholders a 50% haircut Sherritt International offers bondholders a 50% haircut Sherritt International offers bondholders a 50% haircut Sherritt International offers bondholders a 50% haircut Sherritt International offers bondholders a 50% haircut

Sherritt International is mulling another reduction of its stake in the Ambatovy nickel-cobalt mine in Madagascar

The Toronto-headquartered company, which had been mainly active in Cuba since 1994 producing nickel, cobalt, oil and gas and electricity, said Wednesday it was proposing to exchange its existing