Pestalozzi advises Glencore on its USD 2 billion notes issuance
Glencore Funding LLC issued notes in the total amount of USD 2 billion, guaranteed on an unsecured senior basis by Glencore Xstrata plc, Glencore International AG and Glencore (Schweiz) AG. The notes will be sold without being registered under the U.S. Securities Act of 1933. Pestalozzi advised Glencore on Swiss law aspects of the notes issue.