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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2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

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3 JPMorgan 103,048.77 303 8.79%
4 Wells Fargo Securities 93,728.92 276 7.99%
5 Credit Suisse 76,904.09 209 6.56%