China Construction Bank contributes to Tranche C of USD 1.99 billion multi-tranche syndicated lending facility to Trafigura Pte. Ltd. for debt refinancing and general corporate purposes in 2017

Project narrative

On October 2, 2017, a group of 27 banks -- including ICBC, Bank of China, China Construction Bank, and Agricultural Bank of China -- reached financial close on a USD 1.99 billion multi-tranche syndicate lending facility with Trafigura Pte. Ltd. Proceeds from the facility will be used for general corporate purposes and to refinance maturing tranches from Trafigura's 2014 (captured via records ID #98453, #98455) and 2016 (captured via records ID #98467, #98468, #98469, #98470) Asian facilities. The 2017 facility consists of three tranches, two of which were denominated in USD and one in RMB: A 365-day USD-denominated USD 1.175 billion revolving credit facility ("Tranche A") and a three-year USD-denominated USD 435 million term loan ("Tranche B"). The same 23 banks contributed to both tranches: ANZ, DBS, ICBC (London), ICBC (Amsterdam), ICBC (Singapore), National Bank of Abu Dhabi, and UOB served as mandated lead arrangers and bookrunners. OCBC, SMBC, Bank of China, National Australia Bank, and Westpac served as mandated lead arrangers. Emirates NBD served as lead arranger. Bank of Baroda, Commonwealth Bank of Australia, Mizuho Bank Europe, CTBC Bank, Maybank, SBM Bank, KBC Bank, Korea Development Bank, SMTB, and Union de Banques Arabes et Francaises served as arrangers. A one-year RMB-denominated USD 380 million-equivalent term loan ("Tranche C"). Nine banks contributed to this tranche: CTBC Bank, ICBC (London), and ICBC (Amsterdam) as mandated lead arrangers and bookrunners. China Construction Bank and Agricultural Bank of China served as mandated lead arrangers. Mega International Commercial Bank served as lead arranger. Land Bank of Taiwan, Bank of Kaohsiung, and Hua Nan Commercial Bank served as arrangers.