Glencore Finance calls remaining $400 million of 8% perpetual notes

By Marisa Wong

Madison, Wis., July 5 - Glencore Finance (Europe) SA said it will redeem $400 million of its $700 million original principal amount 8% senior callable perpetual notes on Aug. 6.

The notes, which are guaranteed by Glencore International AG and Glencore AG, will be redeemed at par plus accrued interest to the redemption date.

Following the redemption, the notes will be canceled and there will be no more notes outstanding.

Based in Baar, Switzerland, Glencore is a privately held supplier of commodities and raw materials to industrial consumers.

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