Trafigura raises RMB 500m through the second tranche of its Panda Bond programme

Singapore, 4 June 2018 - Trafigura Group Pte Ltd (“Trafigura”), one of the world’s leading independent commodity trading companies, has today announced the successful raising of a 500 million renminbi-denominated bond issued in China’s mainland debt market (“Panda Bond”). This second issuance is part of a RMB 2,350 million Panda Bond programme, which, like the first tranche issued in April 2018, was placed in the Interbank Market under a Private Placement format for a 3-year maturity.

Trafigura has received The People’s Bank of China’s (“PBoC”) approval to repatriate the proceeds of the bond offshore.

This second transaction allows Trafigura to gain visibility in the Chinese investment community, including commercial banks, asset managers, insurance companies and securities firms. It also allows the Group to further diversify its sources of funding and lengthen its debt maturity.

“We’re very pleased to see Chinese investors showing a continuing interest in the company’s Panda Bond. The offshore repatriation of the proceeds was the main condition for our starting the Panda Bond programme, and our success in having done this demonstrates the Chinese authority’s willingness to promote this nascent market,” said Claire Chen, Chief Financial Officer for Trafigura in China.

Bank of China acted as Lead Bookrunner on this transaction, ICBC as Joint Lead Bookrunner and Standard Chartered Bank as Bookrunner.

ENDS

For further information please contact:

Trafigura’s Global Press Office: +41 22 592 45 28 or media@trafigura.com

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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: www.trafigura.com