Trafigura successfully issues its inaugural Schuldschein loan for EUR110 million
Singapore, 15 February 2021 – Trafigura Group Pte Ltd (“Trafigura” or “Group”), one of the world’s leading independent commodity trading companies, has successfully issued its inaugural Schuldschein loan. The EUR110 million loan, which may be upsized in the following months, was increased from an initial EUR75 million following strong investor demand and is split over 3 and 5 year maturities.
This marks Trafigura’s entry into the Schuldschein loan market, which the Group sees as a prospective source of future capital, and demonstrates its continued ability to attract funding from a wide range of investors.
Proceeds will be used for general corporate purposes.
UniCredit Bank AG acted as Sole Arranger on the transaction.
For further information, please contact:
Trafigura Press Office: +41 (0) 22 592 4528 or firstname.lastname@example.org
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 and has recently established a power and renewables trading division.
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. With circa 850 shareholders, Trafigura is owned by its employees. Over 8,500 employees work in 48 countries around the world.
Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD147 billion in 2020. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.