Trafigura records largest ESG-linked US PP

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By Silas Brown
28 Apr 2021

Commodity trader Trafigura has closed a $203.5m US private placement. It is the largest sustainability-linked issue on record, according to GlobalCapital analysis, and signals the PP market is taking ESG financing more seriously.

The deal was the borrower’s second US PP deal in roughly 12 months. MUFG and Société Générale marketed five, seven and 10 year tranches, according to market sources. As reported by GlobalCapital last week, the tenors were sold at 3.87%, 4.41% and 4.89%.

Laurent Christophe, group treasurer at ...

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