Gleacher Natwest recently wrapped up a $420 million junk bond offering for Anaconda Nickel Ltd., a Perth, Australia-based mineral exploration company.

The two-tranche issue included a $340 million, 9.375% fixed-rate senior secured note with a 10-year bullet repayment maturity and an $80 million senior secured floating-rate portion to be drawn over the next 18 months. Standard & Poor's Corp. gave the issue a BB-minus rating.

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