Preheat oven to 325?. Grease and flour a 12-cup Bundt pan. Combine all of the cake ingredients together (batter will be thick). Pour into cake pan and bake for one hour (more or less depending on your oven). Cool in pan for 10 minutes then remove to a cooling rack.
While the cake is cooling, prepare the glaze by combining all the ingredients in a small saucepan and cook until butter has melted and sugar has dissolved. Spoon or pour glaze over the cake while the cake is still warm.