Mercuria opens $980m loan with Covid premium

Pan Yue

September 22, 2020 08:45 am

naturalgas_Adobe_575x375_7Feb2020 — Pump jack silhouette against a sunset sky with deliberate lens flare and copy space. These jacks can extract between 5 to 40 litres of crude oil and water emulsion at each stroke. | Ronnie Chua/ronniechua - stock.adobe.com

Commodities company Mercuria has returned for its annual borrowing of $980m. This time, it is enticing banks with a 10bp Covid-19 premium on the loan margin and fees.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request demo or Login

✔ 4,000 annual insights
✔ 700+ notes and long-form analyses
✔ 4 capital markets databases
✔ Daily newsletters across markets and asset classes
✔ 2 weekly podcasts

Topics

Health and Biotech ING ICBC Asia Bank of China Southeast Asia Asean Asia Pacific Emerging Market Loans Investment Grade Loans SRI DBS Syndicated Loans Sumitomo Mitsui Financial Group Coronavirus Mizuho Singapore MUFG Rabobank Emerging Markets Société Générale

PY

Pan Yue

Loans reporter GlobalCapital Asia