Commodity trader Mercuria launches US PPs

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By Silas Brown
15 Feb 2021

Mercuria has launched a US private placement deal, according to market sources. The privately-owned Swiss commodity trader is the third company to enter the PP market from Europe this year.

The transaction, which is split into five, seven and 10 year tranches, is being arranged by ING and Société Générale. It has a cover size of $100m — though the final deal will likely be higher. Pricing thoughts have not yet been widely disclosed to investors, but many ...

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