$1.4 Billion 3-a- 3 U.S. Commercial Paper Program Guaranteed by Glencore International AG.BAAR BAAR Bicycles for Afghan Amputees Rehabilitation (San Francisco, CA) BAAR Bay Area Association of REALTORS, Inc. BAAR Banco ABN Amro Real BAAR Bank Auditing & Accounting Report BAAR British Acupuncture Association and Register , Switzerland--(BUSINESS WIRE)--July 29, 1999-- Glencore International AG announces its debut stand alone U.S. $1.4 billion commercial paper program. Glencore Funding Inc., a wholly owned Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. , will issue up to $1.4 billion of commercial paper unconditionally guaranteed Unconditionally Guaranteed is the eighth LP by Captain Beefheart & the Magic Band, originally released in 1974. Upon release it was criticised for being too commercial, however it failed to give Beefheart any real chart success and peaked at #192 on the Billboard by Glencore International AG. The program will be exempt from registration under Section 3(a)3 of the Securities Act of 1933. A committed liquidity backstop facility, syndicated among 45 banks provides coverage for 100% of the notes. Standard & Poor's and Moody's Investors Services Moody's Investors Service A leading global credit rating, research and risk analysis firm. Moody's Investors Service A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers. have assigned short term ratings of A-2 and P-2 respectively. J.P. Morgan Securities Inc. arranged the program. Other dealers include Chase Securities Inc, Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. Corporation and Deutsche Bank Securities. Glencore is a leading privately held diversified natural resources group with worldwide interests in the mining, smelting, refining, processing and trading of metals and minerals, energy products and agricultural products. Glencore is based in Baar, Switzerland. Glencore intends to launch the program during the week of August 9th. |
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