Merger queries are no bar to Glencore’s €/£

29 Mar 2012

Glencore International, the Swiss-based commodities trading firm that floated in London last year, this week launched its first bond since then, a €1.25bn and £300m transaction.

The deal was unusual, in that came in the middle of two mergers: Glencore has agreed to merge with mining group Xstrata and also to buy Viterra, a Canadian grain trader.

"They’re doing it because rates are low," said a syndicate banker at one of the leads. "It’s going ...

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