Glencore plc successfully placed a tap issue of non-dilutive zero coupon cash settled guaranteed convertible bonds for USD 125 million to be consolidated with its USD 500 million non-dilutive zero coupon cash settled guaranteed convertible bonds due
(WorldNews Switzerland)

The New Bonds are to be issued on the same terms (save for the issue price) as the USD 500 million zero coupon non-dilutive cash settled guaranteed convertible bonds due 27 March 2025 issued by Glencore Funding LLC on 27 March 2018 (the `Original Bonds`) and, as of the date falling 41 days after the Issue Date (as defined below) or such other date as the Issuer notifies to holders, the New Bonds shall be fully fungible and consolidated with the Original Bonds (together, the `Bonds`). Concurrently with the placing of the New Bonds, the Issuer has purchased from one or more hedge counterparties cash-settled call options (the `Call Options`) on shares of Glencore (the `Shares`) to hedge the...