Trafigura returns to USD debt market with USD500 million senior bond

Singapore, 15 July 2025 – Trafigura Group Pte Ltd. (“Trafigura” or the “Company”), a global leader in the commodities industry, has announced the issuance of a USD500 million senior RegS bond with a five-year maturity under its Euro Medium Term Note (EMTN) programme.   

Following a roadshow by Trafigura’s management team with investors in Europe and Asia, the bond priced at 6.25 percent, a tightening of 50 basis points from initial guidance.   

This reflected strong support from institutional investors and private banks, highlighted by the range and geographical diversity of the order book. More than 100 investors participated in the transaction with more than a third coming from the UK, 28 percent from Switzerland and 14 percent from Asia.   

The proceeds from the issuance will be used for general corporate purposes, notably to refinance a USD 500 million bond maturing in September 2025. The long duration of the USD senior bond will help the Group extend its debt maturity profile.   

Stephan Jansma, Chief Financial Officer of Trafigura, said: “This transaction marks the successful return of Trafigura to the public debt capital markets. The spread differential compared with the Group’s last senior RegS bond reflects the transformed credit story of the Group. The increased scale, scope and strength of our diversified business have led to a more robust balance sheet and consistent profitability, points acknowledged by investors”.

“We’re delighted by the further development of our investor base, which demonstrates the growing interest in commodities, and the understanding of the key role that Trafigura plays in global supply chains and distributing vital natural resources,” added Stephan.  

Global Coordinators for the transaction were Citigroup and SMBC. Credit Agricole CIB, ING and Standard Chartered Bank acted as Joint Active Bookrunners.