Mercuria hits Asian market with maiden $150m facility
Switzerland’s Mercuria Energy Group launched its first Asia-targeted syndicated loan on Wednesday becoming the latest commodity trader to tap the region’s lenders on the back of popular deals for Noble, Olam and Trafigura.
BNP Paribas, ING, Société Générale and Standard Chartered are the leads on the $150m one year revolver and bank meetings are scheduled for October 28 in Singapore and two days later in Taipei.
Three ticket sizes are on offer $20m and above; $10m-$19m and $5m-$9m.
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