Secretive Swiss Commodities Trader Mulls IPO: Report

Glencore International, the discreet commodities trading house based in Switzerland, is considering listing on the stock market, the Financial Times reported Friday.

Glencore, which is one of the world's largest private companies, was discussing a market flotation with various banks, the paper said. A spokesman for Glencore declined to comment.

Such a move was not considered imminent, but the company was looking into alternative sources of finance to boost its capital available for expansion, the FT wrote.

Debt protection costs on Glencore tightened after the media report, according to Reuters.