Press release

Trafigura successfully returns to the international debt capital markets with the issuance of a USD400 million senior bond

Published on17 Sep 2020

Singapore, 17 September 2020 – Trafigura Group Pte. Ltd. (“Trafigura”), one of the world’s leading independent commodity trading companies, has successful issued a USD400 million senior RegS bond with 5-year maturity. The bond priced at 5.875 percent, 50 basis points tighter than the Initial Price Talk (“IPT”) thanks to very strong support from institutional investors and private banks.


The quality of the order book was reflected by the range and geographical diversity of investors participating in the transaction, with approximately 90 investors distributed across Asia and Europe. The significant oversubscription of more than two times enabled the company to upsize the transaction to USD400 million whilst significantly tightening pricing.


Proceeds will be used for general corporate purposes. The long term duration of the USD senior bond will allow the company to further strengthen its balance sheet.


Christophe Salmon, Chief Financial Officer of the Trafigura Group, said: “We’re delighted to have successfully returned to the international debt capital markets with this tightly priced transaction. We were fortunate enough to be able to take advantage of a near perfect time window to raise the new bond. Being an unrated issuer, we particularly appreciate the effort that our investors deploy to understand the intricacies of our industry, business model and financial policy. Moreover, we’re very pleased that our investor base continues to expand amidst sustained interest for the commodities trading sector. We’ve continued to demonstrate the resilience of our business model during these unprecedented times.”


Joint bookrunners on the transaction were Citi, Credit Suisse, ING and Standard Chartered Bank who acted as the global coordinator.




Trafigura Press Office - Tel: +41 (0) 22 592 4528 or Email:


About Trafigura

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 a majority ownership of global zinc and lead producer Nyrstar which has mining, smelting and other operations located in Europe, Americas and Australia; a significant shareholding in 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 700 of its 8,000 employees who work in 80 offices in 41 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD171.5 billion in 2019. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.