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Trafigura revolver set for oversubscription

26 February 2010

Commodities trader Trafigura has attracted a considerable oversubscription on its jumbo revolver but remains weeks away from closing a deal.

Read more: [Commodities trader Trafigura loan] [Trafigura revolving credit facility]

Commodities trader Trafigura has attracted more than $2 billion in commitments through syndication for its jumbo revolver but still remains weeks away from closing...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010