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Tuesday, 20 March 18
TRAFIGURA GROUP PTE LTD SIGNS RECORD US$5.725 BILLION EUROPEAN MULTICURRENCY SYNDICATED REVOLVING CREDIT FACILITIES AND JPY72.64 BILLION DENOMINATED THREE YEAR TERM LOAN
 Press Release: Trafigura Group Pte Ltd. (“Trafigura” or the “Company”), a market leader in the global commodities industry, has successfully refinanced its flagship European multicurrency syndicated revolving credit facility (the “ERCF”) totaling USD5.725 billion. The ERCF, initially launched at USD4.5 billion, was very well received by the bank market and closed substantially oversubscribed, allowing the Company to upsize the facility.
The ERCF comprises a USD2.20 billion 365-day revolving credit facility with two 365-day extension options and a USD3.525 billion 3-year revolving credit facility with two 1-year extension options. The ERCF will be used to refinance the maturing USD2.27 billion 364-day tranche of the facility dated 23rd March 2017, and the existing USD3.25 billion 3-year tranche of the Company’s USD5.1 billion facility dated 24th March 2016, as well as for general corporate purposes.
In a separate transaction Trafigura returned for the fourth time to the Japanese domestic syndicated bank loan market and raised JPY72.64 billion (USD682 million equivalent) via a three-year term loan (“Samurai Loan”), which saw a 23 percent increase compared to the size of the company’s previous Samurai Loan which raised JPY 58.86bn in 2016. Nineteen Japanese financial institutions supported the Samurai Loan, demonstrating the continued interest of domestic lenders in Trafigura’s credit. Three new institutions joined the syndicate, while the majority of existing lenders continued to participate and increased the amount invested. This transaction refinances the 2016 Samurai Loan and will also be used for general corporate purposes.
Christophe Salmon, Chief Financial Officer for Trafigura, commented: “We simultaneously re-financed two core credit facilities of the Group and this was achieved at tighter pricing levels and with the support of a larger and more diverse bank group. We have demonstrated year after year that we are able to deliver profitable and sustained growth. We are grateful for the support that the banking community has shown to Trafigura once again and we are pleased to welcome new banks to the facilities.”
The European RCF was arranged by Mandated Lead Arrangers & Bookrunners ING Bank N.V., National Westminster Bank plc, Standard Chartered Bank and UniCredit Bank AG acting as Active Bookrunners, along with Bank of China Limited, London Branch and Société Générale Corporate & Investment Banking acting as Passive Bookrunners. In addition to the six Mandated Lead Arrangers & Bookrunners, five Mandated Lead Arrangers and 41 additional financial institutions joined the ERCF during syndication, totaling 52 banks.
The Bank of Tokyo-Mitsubishi UFJ Ltd., Mizuho Bank Europe N.V. and Sumitomo Mitsui Banking Corporation Europe Limited acted as Bookrunners and Mandated Lead Arrangers for the Samurai Loan.
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Tuesday, 01 May 18
SUPRAMAX: COAL RUNS, A 61,000-DWT WAS FIXED BASIS DELIVERY SURABAYA, FOR A TRIP VIA INDONESIA, RE-DELIVERY INDIA AT $15,000 - BALTIC BRIEFING
Capesize
Rates eased in the East, as the week closed out with the momentum slowing. Levels on the key West Australia/China run dropped to $7.25 ...
Tuesday, 01 May 18
GLOBAL MINER PEABODY EYES SALES OPPORTUNITY IN INDIA’S RISING COAL IMPORTS - BUSINESS STANDARD
Indian imports of coal will continue to rise, reckons the world’s largest private sector coal miner Peabody Energy. Glenn Kellow, president a ...
Saturday, 28 April 18
STRONG ASIAN DEMAND CONTINUES TO HOLD UP THERMAL COAL MARKETS - REUTERS
Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding ...
Friday, 27 April 18
PEABODY ENERGY'S REVENUES FOR THE FIRST QUARTER ROSE 10 PERCENT OVER THE PRIOR YEAR TO $1.46 BILLION
Peabody Energy's revenues for the first quarter rose 10 percent over the prior year to $1.46 billion driven by improved seaborne coal pricing a ...
Thursday, 26 April 18
BALTIC EXCHANGE LAUNCHES ESCROW SERVICE FOR VESSEL SALES
The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exc ...
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Showing 1731 to 1735 news of total 6871 |
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- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- The University of Queensland
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
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