GIC has completed an accelerated bookbuilding for USD250 million Glencore Guaranteed Convertible Bonds due 2014

30 April 2013

Government of Singapore Investment Corporation Pte Ltd (“GIC”) has completed an accelerated bookbuilding for the sale of USD250 million holding in the 5 per cent Guaranteed Convertible Bonds due 2014 (the “Bonds”) issued by Glencore Finance (Europe) S.A. and guaranteed by each of Glencore International AG and Glencore AG (the “Bond Offering”).
The Bonds were sold for an aggregate sale price (including accrued interest) of USD 116,194.44 per USD 100,000 principal amount of Bonds. The Bonds were priced versus a reference price per Share of USD5.00. Settlement of the Bonds is expected to occur on or around 2 May 2013 (London time).
Morgan Stanley acted as sole Manager and Bookrunner for the Bond Offering.