Singapore, 18th May 2018
Trafigura Group Pte Ltd (“Trafigura”), one of the world’s leading independent commodity trading companies, has today announced the successful pricing of its inaugural Swiss franc senior bond for CHF165 million and 5-year maturity. The bond, priced at 2.25 percent, was issued by Trafigura Funding S.A. under its European Medium Term Notes (EMTN) programme and will be listed on the SIX Swiss Exchange.
This new instrument has allowed the Group to raise liquidity in the Swiss retail market and further diversify the company’s investor base. This new transaction positions Trafigura as a regular issuer in the global capital markets following the recent RMB500 million bond issued in China’s mainland debt market (“Panda Bond”) and USD400 million senior bond issued in March 2018.
The proceeds of the bond will be used for general corporate purposes and to refinance part of its EUR c. 607 million outstanding bond that will mature in November 2018.
Christophe Salmon, Chief Financial Officer for Trafigura, said: “We’re delighted to have successfully priced our inaugural CHF senior bond which has received very strong support from the Swiss investment community. It demonstrates the Group’s ability to access global capital markets at regular intervals and competitive spreads.”
Joint Bookrunners for the transaction were UBS (acting as Global Coordinator), Credit Suisse and Deutsche Bank.
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. The trading business is supported by industrial and financial assets, including 49.6 percent owned global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; 50 percent owned DT Group which specialises in logistics and trading; and Galena Asset Management. The Company is owned by around 600 of its 4,100 employees who work in 61 offices in 36 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD98.1 billion in 2016. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade. Visit: www.trafigura.com
Trafigura Beheer B.V. press release