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SecuritizationCLOs-CDOs

Success for Glencore as FSF is upped and signed

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The completion of a successful syndication process has allowed Glencore to increase its loan to $7.465bn from $5.5bn. The Swiss commodities group, Baa2/BBB-, came to the market on April 1 with a $5bn forward start and a $500m one year tranche. The forward start has been increased to $6.65bn and the smaller piece to $815m.

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