Trafigura sounds out China with $850m deal

Commodities trader Trafigura launched an $850m facility into syndication on Wednesday. The deal will test Chinese bank demand for offshore loans, as the borrower is meeting lenders in Beijing and Shanghai on its roadshow, as well as in Hong Kong, Singapore and Taipei.

  • 29 Jul 2010

The borrower pursued the same strategy last year when marketing the deal that this new loan will refinance, but since then Chinese regulators have cracked down on lending, reducing appetite from Chinese banks.

"Trafigura’s clearly trying to target the PRC banks, but they are short of dollars right now," ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 99,251.11 279 13.15%
2 Bank of America Merrill Lynch 90,895.27 265 12.04%
3 Wells Fargo Securities 72,661.39 222 9.63%
4 JPMorgan 52,367.24 169 6.94%
5 Credit Suisse 41,885.89 127 5.55%