Glencore International has signed up for bigger than expected revolving credit facilities as financial institutions fell over themselves to lend money to the commodities trader.
The mining giant, which initially sought to borrow $10bn, ended up borrowing $12.8bn as a result of strong demand from financial institutions globally, resulting in a total of 91 banks pledging their commitment.
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Nationwide: House prices see biggest monthly fall in over two yearsUK house prices dropped by 0.8% in June, according to Nationwide. We reveal the top-performing and worst-performing regions
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Portfolio landlords could save £8,500 by remortgaging – or risk costs soaring by £23,000Buy-to-let landlords with multiple properties could save thousands by taking advantage of this year’s lower mortgage rates, but failing to refinance could see them hit with a £23,000 bill.
