Posts Tagged ‘

Prodeco

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More from the Glencore prospectus

Posted by Neil Hume on May 04 16:22. Comment.

Remember this?

It’s the Glencore CDS spread, courtesy of Markit, in December 2008.

We never fully got the bottom of why it surged to 3125 bps other than the fact the trading house was heavily reliant on short term debt markets to fund its marketing activities. More…

Does Glencore need cash?

Posted by Sam Jones on Jan 29 11:04. Comment.

There are some very funny things going on in Xstrata’s rights issue today. Here’s the statement:
In addition, the planned Rights Issue, together with Glencore’s ongoing support for Xstrata, have provided Xstrata with an opportunity to acquire Glencore’s world-class, More…