| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for Glencore plc > News item |
Glencore adjusts conversion price, ratio on convertible bonds
By Marisa Wong
Los Angeles, April 21 – Glencore Funding LLC notified holders of its $625 million non-dilutive cash-settled guaranteed convertible bonds due 2025 that it adjusted the conversion price and the conversion ratio for the bonds as a result of a cash dividend paid on its ordinary shares, according to a notice on Thursday.
The conversion price was lowered to £4.8273 from £4.8477, and the conversion ratio was accordingly adjusted to 29,386.61363 from 29,262.94944.
The convertibles are guaranteed by Glencore plc.
Based in Baar, Switzerland, Glencore is a supplier of commodities and raw materials to industrial consumers.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.