Trafigura increases RCF as appetite for commodity firms’ transactions flows over

Lenders’ appetite for commodities trading firms remains high despite the aggressive pricing on offer from the borrowers. Trafigura has increased the size of its multicurrency revolver from a planned $600m to $1.1bn even though the one year facility offered the same margin as in 2011.

  • 09 Mar 2012

"The pricing on some of these deals has been relatively aggressive, but people are watching them to see indications of where liquidity is," said one loans banker. "Clearly, from the deals we’ve already seen, there is appetite there."

Trafigura had launched its one year facility with a margin of ...

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3 Goldman Sachs 1,392 3 13.15
4 Barclays 1,097 2 10.37
5 Morgan Stanley 1,094 2 10.34

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5 Barclays 12,632.86 43 7.09%