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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials

Singapore GIC raises US$250mln through sale of Glencore convertible bonds

Posted on 02 May 2013

Sovereign wealth fund Government of Singapore Investment Corp. Tuesday said that it has raised US$250 million through sale of convertible bonds of Glencore International AG. The 5% guaranteed convertible bonds 2014 issued by Glencore Finance (Europe) S.A. were guaranteed by Glencore International and Glencore AG, GIC said in a statement.
GIC intends to use part of the net proceeds from the sale of the bonds to acquire ordinary shares of Glencore International………………………………………..Full Article: Source


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