Glencore Agri taps Asia for $300m loan

Oats field agriculture from Adobe 13Jul20 575x375
By Pan Yue
03 Nov 2020

Commodities trading company Glencore Agriculture is making its loan debut in Asia, seeking $300m from the syndication market as a way to establish itself in the region and show its independence from its parent. The thin pricing on offer means only banks keen to build a relationship with the company in the hope of getting ancillary business will jump in, writes Pan Yue.

Glencore Agriculture’s $300m Asia outing is led by active mandated lead arrangers and bookrunners DBS and MUFG Bank. Standard Chartered and Sumitomo Mitsui Banking Corp are the passive bookrunners. They opened the deal into syndication this week.

The deal follows Glencore Agriculture’s European market-targeted loan in May, when ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial