From the FT:
Glencore launched a $2.5bn share placing on Tuesday as the miner-cum-trader moved quickly to implement a $10bn package of measures to cut its large debt load and safeguard its investment grade credit rating.
…Glencore has been among the hardest hit because of concern for its $30bn of net debt and exposure to commodities such as copper and coal, which are trading close to their lowest levels since the financial crisis.
