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GLEN Glencore Plc

473.80
-0.30 (-0.06%)
Last Updated: 08:27:33
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Glencore Plc LSE:GLEN London Ordinary Share JE00B4T3BW64 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.30 -0.06% 473.80 473.70 474.00 479.60 473.65 478.00 2,894,562 08:27:33
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmetallic Mineral Pds, Nec 217.83B 4.28B 0.3508 13.51 57.84B

Glencore to Issue $500 Million in Convertible Bonds

20/03/2018 2:05pm

Dow Jones News


Glencore (LSE:GLEN)
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By Adam Clark 
 

Glencore PLC (GLEN.LN) said on Tuesday that it intends to issue $500 million in cash-settled convertible bonds due 2025.

The mining company said the net proceeds of the offering will be used for general corporate purchases. Glencore said the bonds won't carry any interest and will be issued at between 93.25% and 98.25% of their nominal value of $200,000 each.

Glencore said the initial conversion price of the bonds will be 25% above its average share price. The bonds will be offered via an accelerated bookbuilding process.

Shares at 1330 GMT were down 0.35 pence, or 0.1%, at 368.95 pence.

 

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

 

(END) Dow Jones Newswires

March 20, 2018 09:50 ET (13:50 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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