More than 92 per cent of those who hold $400 million worth
of Viterra bonds have indicated their approval of Glencore’s offer to purchase
the company.
The bonds pay 5.95 per cent interest and are due in 2020.
Those who hold another $200 million worth of unsecured bonds
have been invited to a meeting in Toronto on July 23 to consider Glencore’s
offer. Those bonds pay 6.406 per cent interest.
Glencore’s offers on these bonds remain conditional on
gaining final approval to buy Viterra, formerly known as the Saskatchewan Wheat
Pool.
