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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials

Singapore fund to sell $350 mln of Glencore convertible bonds

Posted on 07 November 2013

Singaporean sovereign wealth fund GIC is selling $350 million of bonds convertible into shares in Glencore Xstrata, bookrunner Bank of America Merrill Lynch said on Wednesday.
The bonds, which pay an annual interest rate of 5 percent and due to mature Dec. 31, 2014, are being sold via an accelerated offering expected to be completed on Nov. 7………………………………………..Full Article: Source


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