Press release

First significant financial transaction in Japan

Published on26 Mar 2014

Singapore, 26th March 2014 - Trafigura Beheer B.V., ("Trafigura"), a market leader in the global commodities industry, has today announced the closing of a JPY25.5 billion (circa USD250 m) three year term loan, the company's first significant financial transaction in the currency. Nine Japanese banks financed the Samurai loan, demonstrating the strong interest in the commodity sector and in one of its leading companies.

 

Trafigura was the first international commodity trading firm to raise a Yen denominated loan, which in 2012 was for JPY9 billion and supported by three banks.

 

"We are delighted with the response from Japanese banking institutions which are showing a growing interest in the commodity sector and in companies such as Trafigura who are able to deliver profitable and sustained growth," said Pierre Lorinet, CFO and Managing Director, Asia Pacific for Trafigura. "The new Samurai loan is building on our previous foray into the domestic yen market and a further diversification of our long term lending base. We intend to make the Samurai loan a core and recurring funding instrument in our financing strategy."

 

Acting as sole Bookrunner and Mandated Lead Arranger was The Bank of Tokyo-Mitsubishi UFJ.

Further Information

Trafigura's Global Press Office: +41 22 592 4528 or media@trafigura.com

Notes to editors

Founded in 1993, the Trafigura Group has become one of the world's leading independent commodity traders, specialising in the oil, minerals and metals markets. Primary trading activities are the supply and transport of oil and petroleum products and non-ferrous and bulk commodities. The trading business is supported by industrial and financial assets including global oil products distribution company Puma Energy; joint venture company DT Group; global terminals operator Impala; Trafigura's Mining Group and Galena Asset Management. The Trafigura Group is owned by over 700 of its almost 9,000 employees who work in 58 countries. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.
www.trafigura.com