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Geneva, 20th April, 2015 Trafigura Beheer B.V. (“Trafigura”), a market leader in the global commodities industry, successfully priced today a EUR550 million bond issue under the company’s European Medium Term Note (EMTN) programme. This senior unsecured bond bears a coupon of 5 percent for a 5-year maturity and will be listed on the Irish Stock Exchange. Following a very well attended four-day pan-European and Asian roadshow where the company met with more than 50 fixed income investors, the new Trafigura issue received strong support from institutional investors and private banks as reflected by the bond being close to two times over-subscribed. This new bond marks Trafigura’s second market issuance under its EMTN programme following its inaugural EUR500 million 5.25 percent 2018 bond issuance in November 2013. The proceeds of the bonds will serve to refinance part of its EUR400 million debut Eurobond which was repaid on 8 April 2015. It will enable Trafigura to extend duration and support its fixed asset investment programme. “This confirms the continuous diversification of our financing base with institutional investors and demonstrates our capacity to tap the Euro market at regular intervals,” said Christophe Salmon, Trafigura’s Chief Financial Officer for Europe, the Middle East and Africa. Joint bookrunners on the transaction were BofAML (B&D), ING, NATIXIS and RABOBANK. Trafigura Beheer B.V. press release 
Image by Trafigura Beheer B.V. |
