Glencore International, the world’s largest commodities trader, has already lined up a group of key institutional investors to take as much as a quarter of its $9 billion to $11 billion public offering next month, say people familiar with the matter.
As part of its “pre-marketing” period, which began about two weeks ago and is now winding down, Glencore bankers have lined up so-called cornerstone investors from a variety of sovereign wealth funds, these people say..............................................Full Article: Source |