Commodities run hot as Trafigura triumphs with $700m

03 Nov 2009

Dutch commodities trader Trafigura increased its loan to $700m on Thursday in the second deal from the sector to receive an overwhelming response from Asian lenders in the last week.

The facility was upped by $195m from $505m after receiving an encouraging response in a market where demand from lenders is outstripping a thin supply of new deals. The response to Trafigura bodes well for rival Mercuria’s $150m loan launched last week and follows a blow-out response to ...

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