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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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- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- The University of Queensland
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Medco Energi Mining Internasional
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