CITIC Ka Wah Bank contributes USD 10 million to USD 525 million multi-tranche syndicated lending facility to Trafigura Beheer BV for debt refinancing and general corporate purposes in 2007 (linked to Record ID#97977)

Project narrative

On November 19, 2007, a group of banks -- including Agricultural Bank of China and CITIC Ka Wah Bank (now known as China CITIC Bank International) -- reached financial close on a USD 525 million multi-tranche syndicated lending facility to Trafigura Beheer BV. The facility is comprised of a USD 175 million one-year revolving credit facility with two one-year extension options and an interest rate of 65 basis points, a USD 225 million three-year bullet loan with an interest rate of 85 basis points, and a USD 125 million five-year credit facility with an interest rate of 125 basis points. Proceeds from the facility will be used to refinance existing loans, alongside general corporate purposes. The debt is to be partially secured by one of Trafigura's Singaporean subsidiaries. ABC's contribution is captured via Record ID#97977. CITIC's contribution is captured via Record ID#97978. Barclays, BNP Paribas, and Mizuho Corporate Bank served as mandated lead arrangers, contributing USD 45 million each. Joining them as arrangers with contributions of USD 37.5 million each were ANZ, Europe Arab Bank, National Australia Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corp and United Overseas Bank. Lead arrangers were Bank of Tokyo-Mitsubishi UFJ, Gulf International Bank, Oversea-Chinese Banking Corp and Westpac Banking Corp, contributing USD 25 million each. Arrangers Agricultural Bank of China, Citic Ka Wah Bank, First Gulf Bank, Korea exchange Bank, Mega International Commercial Bank, and Taiwan Cooperative Bank each contributed USD 10 million. Chinatrust Commercial Bank contributed USD 5 million.