Singapore’s GIC to Sell Glencore Convertible Bonds to Buy Shares
Posted on 04/29/2013
The Government of Singapore Investment Corporation (GIC) is preparing the sale of Glencore Guaranteed Convertible Bonds worth US$ 250 million. Due in 2014, the 5% convertible bonds were issued by Glencore Finance. Singapore’s GIC plans to use the sales proceeds to purchase ordinary shares of Glencore International. Singapore’s GIC was an early investor in Glencore’s […]
