- The Washington Times - Thursday, March 19, 2009

TORONTO (AP) - Barrick Gold Corp. said Thursday that it will borrow $750 million to help fund construction of projects for the world’s largest gold mining company and to make investment in subsidiaries.

Barrick said it will pay an interest rate of 6.95 percent on notes due in 2019.

The closing of the offering is expected to take place Tuesday. Morgan Stanley, JPMorgan and Citigroup are leading the syndicate that is underwriting the offering.

Barrick shares rose $1.40, or 4 percent, to $33.33 in trading Thursday afternoon.

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