Press release

Trafigura raises USD400 million through its inaugural US Dollar senior bond

Published on12 Mar 2018

Singapore, 12 March 2018 – Trafigura Group Pte Ltd (“Trafigura”), one of the world’s leading independent commodity trading companies, has today announced the successful pricing of its inaugural US Dollar senior bond for USD400 million with a 5-year maturity. The transaction was issued by Trafigura Funding S.A. under its European Medium Term Notes (EMTN) programme and is listed on the Irish Stock Exchange.


This new issuance was distributed globally with 44 percent placed in Asia and 56 percent in Europe. Following a good reception of the transaction by investors, the pricing of the bond was moved from initial guidance of 5.375 percent to the final price of 5.25 percent.


This new senior instrument is the first US Dollar senior bond issued by Trafigura and confirms the company’s ready access to global capital markets. It also marks a further diversification of the funding sources of the company. The new senior instrument builds on Trafigura’s recent successful capital market offerings, including a USD600 million perpetual subordinated bond listed in Singapore in March 2017, which was followed by a USD200 million tap in November 2017.


The proceeds of the bond will be used for general corporate purposes and will notably serve to refinance part of the company’s EUR c. 607 million outstanding bond that will mature in November 2018.


Christophe Salmon, Chief Financial Officer for Trafigura, said: “We’re delighted to have successfully priced our inaugural US Dollar Senior Bond out of our well-established EMTN platform. This inaugural transaction allows us to further diversify our financing base and lengthen our debt maturity.  We were pleased to see that our name is now well recognised with capital markets investors across Asia and Europe and across different segments.”


Joint bookrunners on the transaction were Bank of America Merrill Lynch (Documentation Agent), Citigroup, DBS Bank Ltd. and Standard Chartered Bank.




For further information please contact:

Trafigura’s Global Press Office: +41 22 592 45 28 or

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Notes to editors

Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. The trading business is supported by industrial and financial assets, including 49.6 percent owned global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; and Galena Asset Management. The Company is owned by around 600 of its 3,935 employees who work in 62 offices in 35 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD136.4 billion in 2017. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade. Visit: