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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1 BNP Paribas 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

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3 JPMorgan 80,990.39 237 8.46%
4 Wells Fargo Securities 77,934.65 225 8.14%
5 Credit Suisse 63,570.21 165 6.64%