Glencore Xstrata announces Inaugural Bond Issue

RNS Number : 4350F

Glencore Xstrata PLC

23 May 2013

 



Glencore Xstrata plc announces Inaugural Bond Issue

Glencore Xstrata plc ("Glencore Xstrata") announces the successful launch and pricing of a US$ denominated issue of notes (the "Notes") in a US$5 billion five-tranche transaction comprising 3 year, 5 year and 10 year fixed-rate Notes and 3 year and 5 year floating-rate Notes, issued through its subsidiary Glencore Funding LLC.

The transaction covers US$1 billion 1.700% guaranteed Notes due May 2016, US$1.5 billion 2.500% guaranteed Notes due January 2019, US$1.5 billion 4.125% guaranteed Notes due May 2023, US$500 million guaranteed floating-rate Notes due May 2016 and US$500 million guaranteed floating-rate notes due January 2019.

The Notes are guaranteed by Glencore Xstrata, Glencore International AG and Xstrata (Schweiz) AG. The Notes have been offered and sold pursuant to Rule 144A and Regulation S of the US Securities Act 1933, as amended. The Notes are rated Baa2 (Moody's) and BBB (Standard and Poor's).

Glencore Xstrata will use the net proceeds of the offering to repay part of the amounts outstanding under certain indebtedness and for general corporate purposes.

For further information, please contact:

John Burton (Company Secretary) t: [phone] m: [phone] e:[e-mail]	Charles Watenphul (Media) t: [phone] m: [phone] [e-mail]	Paul Smith (Investors) T:[phone] m: [phone] e: [e-mail]
Martin Fewings (Investors) t: [phone] m: [phone] e:[e-mail]	Elisa Morniroli (Investors) t: [phone] m: [phone] [e-mail]	Finsbury (Media) Guy Lamming Dorothy Burwell t: [phone]

The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or any relevant securities laws of any state or other jurisdiction and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States.

This press release does not constitute an offer to sell or the solicitation of an offer to buy debt securities in the United States or any other jurisdiction.

About Glencore Xstrata plc

Glencore Xstrata is one of the world's leading integrated producers and marketers of commodities, headquartered in Baar, Switzerland, and listed on the London and Hong Kong Stock Exchanges. Glencore Xstrata has worldwide activities in the production, sourcing, processing, refining, transporting, storage, financing and supply of Metals and Minerals, Energy Products and Agricultural Products.

 

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