AngloGold Ashanti's Mandatory Convertible Subordinated Bonds due 2013 Cross 8% Yield Mark

In trading on Thursday, shares of AngloGold Ashanti Ltd's 6.00% Mandatory Convertible Subordinated Bonds due 2013 (NYSE: AU.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $3.00), with shares changing hands as low as $37.18 on the day. This compares to an average yield of 6.08% in the "Metals & Mining" preferred stock category, according to Preferred Stock Channel. As of last close, AU.PRA was trading at a 23.28% discount to its liquidation preference amount, ...