Trafigura lands new ABS investors off the beaten track

Geneva-based Trafigura increased the size of its fifth public ABS receivables deal and tightened pricing in response to strong investor interest, thanks to an extensive marketing effort.

  • By Asad Ali
  • 24 Sep 2018

The commodity trading company, with $48bn in assets and $136bn in revenues at the end of its financial year in 2017, uses securitization funding through two programmes, Trafigura Securitisation Finance (TSF) and Trafigura Commodities Funding (TCF), targeting investors interested in receivables and inventory financing respectively.

The deal tapped ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

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1 Citi 20,542.69 67 10.85%
2 JPMorgan 18,820.53 50 9.94%
3 Bank of America Merrill Lynch 17,976.22 56 9.49%
4 Wells Fargo Securities 16,568.24 48 8.75%
5 Barclays 13,499.53 45 7.13%