By E. Janene Geiss
Philadelphia, Nov. 7 - ZiJin Mining Group Co. Ltd. announced on Monday that it sold $200 million of 5% convertible bonds due 2014 issued by Glencore International AG.
Golden Lake Mining (BVI) Ltd., a wholly owned subsidiary of Zijin Mining, said it sold $136.5 million of bonds on Oct. 14 and $63.5 million on Oct. 28.
The bonds were purchased by ZiJin Mining from Glencore in a private placement in December 2009.
The sales settled on Nov. 7, the company release said.
Based in Baar, Switzerland, Glencore is a supplier of commodities and raw materials to industrial consumers.
| Issuer: | Glencore Finance Europe SA
|
| Guarantors: | Glencore International AG and Glencore AG
|
| Issue: | Convertible bonds
|
| Amount: | $200 million
|
| Coupon: | 5%
|
| Maturity: | December 2014
|
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