Agricultural Bank of China contributes to USD 1.665 billion multi-tranche syndicated loan facility to Trafigura Pte. Ltd. for debt refinancing and general corporate purposes in 2016 (linked to Record ID#98467, #98468, #98469)

Project narrative

On October 7, 2016, a group of 25 banks -- including ICBC, Bank of China, China CITIC Bank, and Agricultural Bank of China -- reached financial close on a USD 1.665 billion multi-tranche syndicated loan facility to Trafigura Pte. Ltd. The facility consists of three tranches: a 364-day USD 1.185 billion revolving credit facility, a three-year USD 290 million term loan facility, and a one-year USD 190 million RMB-denominated term loan facility. The new facility will refinance the maturing three-year tranche from Trafigura's 2013 Asian facility (captured via Record ID#98438 and #98439) and the maturing one-year tranches from Trafigura's 2015 Asian facility (captured via Record ID#98464, #98465, #98466). Proceeds will also be used for general corporate purposes. Other lending details are unknown. ICBC's contribution is captured via Record ID#98467. BOC's contribution is captured via Record ID#98468. China CITIC Bank's contribution is captured via Record ID#98469. ABC's contribution is captured via Record ID#98470. A total of 25 banks participated in the syndicate. ANZ, DBS Bank, United Overseas Bank (UOB) and Sumitomo Mitsui Banking Corporation (SMBC) were original mandated lead arrangers and bookrunners on the loan. ICBC, OCBC, First Gulf Bank, Westpac, and National Australia Bank served as mandated lead arrangers. National Bank of Abu Dhabi (NBAD), Mizuho, Bank of China, China CITIC Bank, Emirates NBD, Commonwealth Bank of Australia (CBA), Malayan Banking Berhad, Sumitomo Mitsui Trust Bank, KBC Bank and Union De Banques Arabes Et Francaises joined in the syndication. CTBC Bank was the active bookrunner on the RMB tranche, along with ICBC and Agricultural Bank of China as RMB MLAs. Korea Development Bank, Land Bank of Taiwan, Mega International Commercial Bank and Taipei Fubon Commercial Bank also joined during syndication.