Trafigura places debut Panda trade

trafigura 230x150
By Noah Sin
30 Apr 2018

Commodities trader Trafigura sold a Rmb500m ($78.9m) three year Panda bond through a private placement on April 26, marking the issuer’s first feat in China. The company said it hopes to become a regular issuer in the Panda market.

Bank of China, the lead underwriter, and Industrial Commercial Bank of China, the joint lead underwriter, priced the bond at 6.5% on Thursday April 26, according to a source on the deal. The note settled the following day.

The transaction marked the first time an international commodities trading ...

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