11 April 2013 - Trafigura Beheer B.V., ("Trafigura") a market leader in the global commodities industry has successfully priced and launched an inaugural Perpetual Subordinated Bond listed on the Singapore stock exchange at USD500 million. The Bond, which was priced at a fixed rate of 7.625%, was met with very strong interest and an order book that was more than five times oversubscribed.
"This transaction has helped us to branch out our funding and lengthen our debt maturity, as well as enhance our credit standing with senior unsecured lenders. It is the first US dollar subordinated bond that we have priced and launched and we were delighted with the level of demand that came from institutional investors and private banks across Asia and Europe," said Trafigura's Chief Financial Officer and Asia Pacific Managing Director, Pierre Lorinet.
Funds raised will be used for general corporate purposes and investments.
Trafigura's first bond, a five year EUR400 million senior unsecured bond was launched in Europe in April 2010 and priced at 6.375%.
Credit Suisse, DBS Bank Ltd and The Royal Bank of Scotland were the joint lead managers for the transaction.
Trafigura's Global Press Office: +44 207 009 1708 or firstname.lastname@example.org
Poh Leng Yu, Ruder Finn Singapore - Tel: +65 6235 4495 or yupl@RuderFinnAsia.com
Note to editors
The Trafigura Group is one of the world's leading international commodity traders, specialising in the oil, minerals and metals markets, with 81 offices in 56 countries in six continents.
The Group's primary trading businesses are the supply and transport of crude oil, petroleum products, renewable energies, coal, refined metals, ferrous and non-ferrous ores and concentrates. It is the world's second largest privately owned non-ferrous and oil trading company.
Founded in 1993, the company is owned by its founding shareholders and senior management. It has achieved substantial growth in recent years, growing turnover from USD17.6 billion in 2004 to USD120.4 billion in 2012.
For more information visit www.trafigura.com