Trafigura Beheer, the Dutch commodities company, will sign an increased $1bn loan on October 18 after attracting around $200m in syndication. The increase is good news for Mercuria Energy, a smaller commodities company, which launched a $330m loan on Tuesday.
Trafigura had targeted $850m but was able to boost the size of the loan after strong demand. Mercuria Energy now hopes lenders will look to its $330m loan with the same desire.
BNP Paribas, ING, Société Générale and Standard Chartered are running Mercuria's deal, and ICBC and SMBC have