Glencore sells $500m equity-neutral CB at ‘aggressive’ terms

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Glencore sells $500m equity-neutral CB at ‘aggressive’ terms

Glencore_HQ_2_PA_230x150
In this April 14, 2011 file photo, the headquarters of Glencore are seen in Baar, Switzerland. Grain-handling company Viterra Inc. (TSX:VT) has agreed to be acquired by Switzerland-based Glencore International in a deal valued at $6.1 billion. (AP Photo/Urs Flueeler, The Canadian Press) | Urs Flueeler/The Canadian Press/PA Images

Glencore, the Swiss-based mining and commodities group, issued a $500m seven year equity-neutral convertible bond on Tuesday that achieved terms described as very aggressive. It attracted around 100 investors, including a couple of sovereign wealth funds.

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