Traders on top as ED&F Man charges to $1.7bn

A $1bn revolver for UK commodities trader ED&F Man raised commitments of $1.7bn, bankers close to the deal said on Thursday, but the ease with which trading firms are raising finance might not be replicated by issuers from other sectors, they said.

  • 12 Feb 2010

The facility, launched in mid-January, has attracted new banks as well as existing lenders and is likely to be increased.

The deal, thought to have one, two and three year portions, was the first deal from a commodities firm this year. Trafigura Beheer swiftly followed, launching a $1.5bn ...

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3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

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