Glencore Offering Raises $10 Billion as Investors Defy Slump

Glencore Offering Raises $10 Billion as Investors Defy Slump

Glencore International AG via Bloomberg

Glencore, which trades materials including coal, oil and metals, sold $7.9 billion of new stock, while existing holders sold additional $2.1 billion in shares for tax purposes and to repay loans, the company said today.