Trafigura raises CHF165 million for inaugural senior bond


Trafigura Group, one of the world’s leading independent commodity trading companies, has announced the successful pricing of its inaugural Swiss franc senior bond for CHF165 million and 5-year maturity.

The bond, priced at 2.25 percent, was issued by Trafigura Funding S.A. under its European Medium Term Notes (EMTN) programme and will be listed on the SIX Swiss Exchange.

This new instrument has allowed the Group to raise liquidity in the Swiss retail market and further diversify the company’s investor base. This new transaction positions Trafigura as a regular issuer in the global capital markets following the recent RMB500 million bond issued in China’s mainland debt market (“Panda Bond”) and USD400 million senior bond issued in March 2018.

The proceeds of the bond will be used for general corporate purposes and to refinance part of its EUR c. 607 million outstanding bond that will mature in November 2018.

Christophe Salmon, Chief Financial Officer for Trafigura, said: “We’re delighted to have successfully priced our inaugural CHF senior bond which has received very strong support from the Swiss investment community. It demonstrates the Group’s ability to access global capital markets at regular intervals and competitive spreads.”

Joint Bookrunners for the transaction were UBS (acting as Global Coordinator), Credit Suisse and Deutsche Bank.