Glencore passes credit demand test as investors pile in to cyclical name

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Glencore passes credit demand test as investors pile in to cyclical name

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A truck hauls ore at Lomas Bayas open pit mine, Chile | Andrew Craig

Glencore, the UK commodity trading company, captured the corporate bond market’s attention on Wednesday with the first test of demand for a cyclical credit since the summer break. Investors jumped at the deal, with leads launching it flat to the borrower’s curve.

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