Glencore $2.5 billion secondary offering of shares

21/9/2015

Share offer

Value:

$ 2.5 billion

Status:

Completed

Date:

21/9/2015

Overview:

Glencore has issued $2.5 billion in new shares.
The deal is being done in order to reduce the company’s debt.
Barclays, Citi and Morgan Stanley acted as underwriters.
Glencore’s IPO occurred back in 2011.
Glencore is a global commodities trader.

Sam Duke - Editor

Jurisdiction:

United Kingdom

Deal type:

Share offer

Practice area:

Capital markets : Equity

Industry sector:

Mining

Firms:

Clifford Chance

Party: Barclays (Underwriter)

Party: Citigroup (Underwriter)

Party: Morgan Stanley (Underwriter)

Linklaters

Party: Glencore (Issuer)

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