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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, 20 March 18
SHIPPING MARKET ANALYSIS - GEORGE LAZARIDIS
It has been a chilling start to the week for the global economy, with the vast majority of stock exchanges noting a fair drop, after a series of se ...
Monday, 19 March 18
PANAMAX: DESPITE FEWER REPORTED PERIOD TRADES THIS WEEK, RATE LEVELS HAVE REMAINED SOLID - BALTIC BRIEFING
Capesize
There were finally reports of increased Brazil activity, but still largely unconfirmed. Vale reportedly took six ships Thursday for 5 Ap ...
Friday, 16 March 18
WEEKLY US COAL PRODUCTION DROPS 1.9 PER CENT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.8 million short tons ...
Friday, 16 March 18
INDONESIA COAL PRICE CAP POSES LIMITED RISKS TO PRODUCERS : FITCH
Indonesia’s cap on the benchmark price of coal sold to the domestic electricity sector is unlikely to have a significant impact on the credit ...
Thursday, 15 March 18
SUPRAMAX: INDO TO CHINA COAL ROUNDS ARE PAYING IN THE LOW $13K TO S. CHINA AND HIGH $13K TO NORTH IN CHINA
Supramax
More activity from USG , front hauls to Far East have settled around $25000, and to Cont around $20000. Stable gain again in Black Sea w ...
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Showing 1766 to 1770 news of total 6871 |
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- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
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