4th Jan 2021 08:23
(Alliance News) - Glencore PLC on Monday said it has adjusted the conversion price for bonds due 2025.
The Anglo-Swiss miner said the USD625 million non-dilutive cash-settled guaranteed convertible bonds due 2025 were issued by its subsidiary Glencore Funding LLC. The conversion price was adjusted to GBP4.7827 from GBP4.6320.
Glencore shares were trading 2.8% higher in Johannesburg on Monday at ZAR48.16 each, while in London, the stock was 4.5% at 243.45 pence a share.
The adjustment of conversion price is effective immediately, Glencore noted.
By Evelina Grecenko; [email protected]
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