Overview

Bank of China contributes to USD 1.385 billion RCF to Trafigura AG to support energy trading and marketing operations in North America

Commitments (Constant USD, 2023)$62,263,054

Commitment Year•2013Country of Activity•United StatesDirect Recipient Country of Incorporation•United StatesSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Aug 16, 2013

Last repayment (originally scheduled): Aug 16, 2014

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Cofinancing agencies

Private Sector

Apple Bank for Savings Inc.
Banco de Crédito e Inversiones S.A. (BCI)
Bank of Nova Scotia (Scotiabank)
BMO Financial Group (Bank of Montreal)
BNP Paribas S.A.
Citibank, N.A.
Commonwealth Bank of Australia (CBA) (CommBank)
Coöperatieve Rabobank U.A. (Rabobank)
Credit Agricole S.A. (Crédit Agricole Group)
Fifth Third Bank
ICICI Bank Limited
JPMorgan Chase Bank, N.A. (Chase Bank, formerly the Chase Manhattan Bank)
Lloyds Bank plc (formerly Lloyds TSB Bank PLC)
Mizuho Bank, Ltd.
MUFG Bank, Ltd. (Formerly Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU))
Natixis
Oversea-Chinese Banking Corporation, Limited (OCBC Bank)
RB International Finance (USA) LLC
Société Générale S.A. (SocGen or Societe Generale)
Standard Chartered Bank PLC
SunTrust Bank

State-owned Banks

Taiwan Cooperative Bank

Receiving agencies

Private Sector

Trafigura AG Inc.

Loan description

Bank of China contributes to USD 1.385 billion RCF to Trafigura AG to support energy trading and marketing operations in North America

Interest type•UnknownMaturity•1 years

Collateral

Trafigura has indicated that this facility is securitized, however the security provided is unknown.

Narrative

Full Description

Project narrative

On August 16, 2013, a group of banks -- including Bank of China -- signed a USD 1.385 billion syndicated revolving credit facility with Trafigura AG, a wholly-owned subsidiary of Trafigura Beheer BV. The facility marks a renewal of a previous revolving credit facility and carries a maturity of one year. The facility is secured, however details surrounding that are unknown. Other lending information is unknown. Proceeds from the facility will be used to support energy trading and marketing operations in North America. Acting as Joint Bookrunners on the transaction were BNP Paribas, Societe Generale and Natixis. Other participants included Commonwealth Bank of Australia, Rabobank Nederland, Credit Agricole, Standard Chartered Bank, The Bank of Nova Scotia, Fifth Third Bank, Bank of Tokyo-Mitsubishi UFJ, Ltd., Citibank N.A., Mizuho Bank, Ltd., JPMorgan Chase Bank, N.A , Lloyds TSB Bank, Oversea-Chinese Banking Corp. Ltd., RB International Finance (USA) LLC, Bank of Montreal, SunTrust Bank, Bank of China, Taiwan Cooperative Bank, Banco de Credito e Inversiones, ICICI Bank Canada and Apple Bank For Savings.

Staff comments

1. AidData is unable to ascertain the individual contributions to the facility from each member of the syndicate, therefore equal contributions have been assumed (1.385/23).