Trafigura closes $1.5bn dual-currency borrowing

Commodities company Trafigura has closed its annual dual-tranche borrowing, increasing the deal from $1bn-equivalent to around $1.5bn.

  • By Pan Yue
  • 08 Oct 2019

The deal was split into a $760m 365-day revolver, a $445m-equivalent renminbi-denominated one year term loan, and a $300m three year dollar term loan. The margins for the three portions were set at 65bp over Libor, 100bp over CNH Hibor, and 110bp over Libor, respectively.

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