Press release

Trafigura successfully launches EUR MTN programme

EUR500 m bond issued

Published on22 Nov 2013

22 November 2013 - Trafigura Beheer B.V., ("Trafigura"), a market leader in the global commodities industry, has today successfully priced and launched a Eurobond with a value of EUR500 million in the first installment of a new programme of European Medium-Term Notes (EMTN) issuance.


The offering was three times subscribed, with investor interest from over 200 accounts across Europe and Asia. The bond will be listed on the Dublin Stock Exchange, has a coupon of 5.25 percent and a term of five years.


The new programme builds on the Trafigura Group's earlier successful capital market offerings, including the USD500 m Perpetual Subordinated Bond listed in Singapore in April, and marks a further diversification of financing to support the Group's programme of capital investment in industrial assets. The Group has available funding facilities above USD40 billion including credit lines with more than 130 banks, Asset-Backed Securities, bonds and private placements.


"Our demand for long-term finance has increased with our investments in fixed assets," said Christophe Salmon, Trafigura's Chief Financial Officer for Europe, the Middle East and Africa. "The capital markets are the natural place for us to raise funding of this kind".


"The take up of this offering shows an increasing range of investors in Europe and Asia that have an appetite to support our growth plans. Launching this EMTN programme will enable us to tap the Euro market at regular intervals.


"In line with our capital market activity and our focus on maintaining an acceptable and sustainable credit standing, we are also committed to disclosing more financial data, and will be publishing our full-year financial results and Annual Report for our fiscal year 2013," said Christophe.


Joint book-runners on the transaction were ING, Royal Bank of Scotland and Societe Generale.



Further Information
Trafigura's Global Press Office: +44 207 009 1708


Notes 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.


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