Glencore brings in 14 as books for FSF

Glencore, the Swiss commodities firm, has made a strong start to its $5bn forward start facility, with 14 lenders having already made commitments as bookrunners. The banks are thought to have lent about $325m each, or $4.55bn in total. Glencore is seeking to raise more than $5bn, according to bankers close to the facility, who added that the loan should be signed next month.