Glencore Sells Shares to Raise $2.5 Billion and Reduce DebtBy
Swiss miner and trader sold shares at 125 pence apiece
Sale is part of debt-reduction plan announced last week
Glencore Plc, the worst performer on the U.K.’s benchmark stock index this year, sold $2.5 billion of new shares to pay down debt to help protect its credit rating amid a rout in commodities prices.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- These Guys Want to Lend You Money Against Your Bitcoin
- Fed Raises Rates, Eyes Three 2018 Hikes as Yellen Era Nears End
- This Electric Truck Will Probably Beat Tesla’s to Market
- Bitcoin Points Way to ‘Massive Change’ for Commodity Businesses
- Famed Short-Seller Jim Chanos Says Tesla Headed for ‘Brick Wall’