"Demand has actually increased on the physical side, mainly because there has been some pull-back in prices this week," said a GoldSilver Central dealer.
The offering is for senior unsecured guaranteed convertible bonds with maturity of January 2021, expected to carry a coupon of between .5 and 1 pct per annum.
"We will meet with the company... after a request from them to present a new offer, the fourth in this negotiation," said the Sintracarbon union president.
Lonmin's lenders had granted the company a waiver of compliance with a loan agreement that required its net worth to remain at a minimum of $1.1 billion.
