Barrick issues bond

American Barrick Resources’ wholly-owned, indirect subsidiary Barrick Resources (USA), has issued a gold-linked Eurobond, guaranteed by American Barrick, to raise $50 million (US). The notes mature Oct 31, 1991, and carry an annual coupon of 5.25%. Each note entitles the holder to exchange the note at any time after Oct 31, 1987, up to maturity for either 100 g of gold or the then current cash equivalent in U.S. funds.