Gunvor launches as Glencore hits $10bn mark

Swiss oil trader Gunvor became the latest European commodities trader to target the Asian loan market on Thursday night, launching a $750m revolver which is to be marketed in Asia and Europe.

  • 06 May 2010

The deal comes as commodities trader Glencore looks set to increase its $7bn refinancing, which is also marketed in Asia and Europe, after getting over $10bn in commitments from more than 90 banks. That deal is set to be signed next week.

Gunvor’s deal, which is to refinance ...

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3 Citi 5,130 13 8.76
4 JP Morgan 4,681 6 7.99
5 Lloyds Bank 3,389 13 5.79

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