Glencore opens books on Swiss francs bond issue
By Laura Benitez
LONDON, April 26 (IFR) - Glencore (Xetra: A1JAGV - news) has started marketing a SFr150m minimum May 2021 bond issue at an indicative yield of 2.25% area, equivalent to 279.5bp area over mid-swaps according to a lead.
The deal is expected to price later today via lead managers are Credit Suisse (LSE: 0QP5.L - news) and UBS (LSE: 0QNR.L - news) .
The issuer is rated Baa3 by Moody's and BBB- by S&P. (Reporting By Laura Benitez, Editing by Helene Durand)