Sailors SocietyVan AalstBühler GmbHCimbriaTMS Awards 2023Port of Stockton
  • Telestack
  • Cimbria
  • Bühler GmbH
  • Van Aalst
  • Port of Stockton
  • Port of South Louisiana

Trafigura raises USD400 million US Dollar Bond

Trafigura raises USD400 million US Dollar Bond

(Posted on 21/09/21)

Trafigura Group Pte Ltd, one of the world’s leading independent commodity trading companies, has announced the successful raising of USD400 million through a US Dollar Perpetual Subordinated Bond (“the Bond”). The Bond issuance drew very strong and wide support from institutional investors and private banks in Asia and Europe, with more than 160 investors participating in the transaction.

Following strong momentum during marketing and book building, resulting in an oversubscription of 3.75 times, Trafigura was able to significantly tighten pricing from the initial price talk of 6.25 percent to the final level of 5.875 percent, the tightest price achieved by Trafigura for a perpetual bond. Listed on the Singapore Stock Exchange and structured as a non-call six-year subordinated bond, the issuance set the longest tenure attained by the Group in the public debt capital markets.

The new hybrid instrument is the fifth Perpetual Subordinated Bond issued by Trafigura since its inaugural transaction in 2013 and its third public corporate bond issued within the last 12 months, reflecting the Group’s ability to regularly access global capital markets in senior or perpetual formats, as well as in different currencies.

Proceeds of the issuance will be used to partially repay the Group’s outstanding USD800 million Perpetual Bond issued in 2017, following a tender offer that was launched at the same time. The Bond will benefit from an equity treatment under the IFRS accounting standard.

Christophe Salmon, Group Chief Financial Officer for Trafigura, said: “We are delighted to have successfully issued a new Perpetual Subordinated Bond at historically low pricing and long duration. The quality and diversity of investors reflects the wide appeal that Trafigura can draw from the fixed income investor community. Their level of engagement during the marketing phase around sustainability-linked topics allowed us to demonstrate Trafigura’s sector leadership in transparency and in Environmental Social Governance, as well as the integration of the energy transition into our corporate strategy.”

Joint bookrunners on the transaction were Credit Suisse acting at Global Coordinator, Citigroup, DBS Bank and Standard Chartered Bank.

Latest News

SSAB invests $74 Million to expand steel production in Alabama

(Posted on 07/05/25)

Highly-specialised global steel company, SSAB has announced a significant investment of approximately... Read more


GGC welcomes new Canadian government and urges farm priorities action

(Posted on 01/05/25)

Grain Growers of Canada (GGC) has welcomed Prime Minister Mark Carney and all Members of Parliament... Read more


US Soybean growers disappointed in 2;4-D Anti-Dumping and Countervailing Duties vote

(Posted on 30/04/25)

The International Trade Commission in the USA has voted in favour of imposing final anti-dumping (AD... Read more


Ukraine already sown two million hectares of spring grains

(Posted on 28/04/25)

As of April 25, 2025, farmers in all regions of Ukraine have sown 2M hectares (ha) of spring grain and... Read more


Condobolin rail upgrade fast-tracks NSW grain

(Posted on 25/04/25)

GrainCorp’s rail site at Condobolin, in the heart of central west New South Wales, Australia,... Read more


Rio Tinto and AMG assess low-carbon aluminium project in India

(Posted on 22/04/25)

Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have... Read more


BHP record iron ore and copper production demonstrates resilience

(Posted on 22/04/25)

BHP has released its Operational Review for the nine months ended 31 March 2025.BHP Chief Executive... Read more


WTO: Trump’s tariffs will shrink global trade

(Posted on 16/04/25)

The volume of world merchandise trade is expected to decline by 0.2% in 2025 under current conditions... Read more


$235million syndicated loan agreement to boost UAE trade with Trafigura

(Posted on 15/04/25)

In a strategic move to empower UAE exporters and advance the nation’s economic diversification... Read more


Anglo American update on sale of steelmaking coal business to Peabody

(Posted on 15/04/25)

Anglo American plc has noted the recent statement issued by Peabody Energy in relation to the definitive... Read more


TBA GroupPort of South LouisianaViganGeneva DryTelestack
  • Geneva Dry
  • Sailors Society
  • TBA Group
  • Vigan

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping