Agricultural Bank of China contributes to USD 4.735 billion syndicated multi-tranche revolving credit facilities to Trafigura Beheer B.V. for general corporate purposes in 2014 (linked to Record ID#98440, 98441)

Project narrative

On March 31, 2014, a group of 51 banks -- including Bank of China, ICBC, and Agricultural Bank of China -- signed a USD 4.735 billion syndicated multi-tranche lending facility with Trafigura Beheer B.V. The flagship European facility is denominated in multiple (unknown) currencies and consists of two tranches: a USD 1.412 billion 364-day revolving credit facility with two 364-day extension options, and a USD 3.323 billion 3-year revolving credit facility with two 364-day extension options. The 364-day tranche carries an interest rate of LIBOR plus 95 basis points and the three-year tranche carries an interest rate of LIBOR plus 120 basis points. The facility will refinance Trafigura's existing USD 4.265 billion European syndicated facility, which was signed in February 2013 and set to mature in 2014. Bank of China's contribution is captured via Record ID#98440. ICBC's contribution is captured via Record ID#98441. Agricultural Bank of China's contribution is captured via Record ID#98442. A total of 51 banks participated in the syndicate. Bank of China, BNP Paribas, ING Bank, Lloyds Bank, Rabobank International, Royal Bank of Scotland, SocGen, Standard Chartered, and UniCredit served as bookrunners and mandated lead arrangers. Credit Agricole, Credit Suisse, and DBS Bank served as mandated lead arrangers. Ciitbank, Deutsche Bank, ICBC, JPMorgan Chase Bank, and NATIXIS served as senior lead arrangers. Bank of America, UBS, Commerzbank, Commonwealth Bank of Australia, and Mizuho Bank served as lead arrangers. Fifth Third Bank and KfW IPEX-Bank served as arrangers. Agricultural Bank of China, Arab Bank, Banco Bradesco Europa, Bank of Baroda, Bank of Taiwan, Bank of Tokyo-Mitsubishi UFJ, Banque Cantonale de Geneve, Barclays Bank, BHF-BANK, DZ Bank, FBN Bank, GarantiBank International, Gulf International Bank, Habib Bank, Israel Discount Bank, KBC Bank, Mega International Commercial Bank, Mizrahi Tefahot Bank, National Australia Bank, Nedbank, OCBC, Raiffeisen Bank, SMBC Europe, and Scotiabank served as co-arrangers. Banque Cantonale Vaudoise, Banque de Commerce et de Placements, and First Commercial Bank joined as participants.