ICBC contributes to USD 1.945 billion multi-tranche syndicated lending facility to Trafigura Pte. Ltd. for debt refinancing and general corporate purposes in 2018 (linked to Record ID#98476 and #98478)

Project narrative

On October 4, 2018, a group of 28 banks -- including Bank of China, ICBC, and China Construction Bank -- reached financial close on a USD 1.945 billion multi-tranche syndicated lending facility with Trafigura Pte. Ltd. The facility consists of three tranches: a 365-day USD 1.075 billion revolving credit facility, a one-year USD 370 million RMB-denominated term loan, and a three-year USD 500 million term loan. The breakdown of lenders to each individual tranche is unknown, along with further information on lending terms. Proceeds will be used to refinance the maturing three-year tranche of Trafigura's 2015 Asian facility (captured via Record ID#98464, 98465, 98466) and the maturing one-year tranches of Trafigura's 2017 Asian facility (captured via Record ID#98471, 98472, 98473, 98474, 98475) and for general corporate purposes. BOC's contribution is captured via Record ID#98476. ICBC's contribution is captured via Record ID#98477. CCB's contribution is captured via Record ID#98478. A total of 28 banks participated in the syndicate. Mandated lead arrangers and bookrunners include ANZ, Bank of China, DBS, ICBC, OCBC, SMBC, CTBC, and China Construction Bank. Mandated lead arrangers were First Abu Dhabi Bank, UOB, and Westpac. Emirates NBD, Mega International Commercial Bank, and Lead Bank of Taiwan served as lead arrangers. CBA, Mizuho, NAB, CTBC, Malayan Banking Berhad, Sumitomo Mitsui Trust Bank, KBC, Korean Development Bank, Taichung Commercial Bank, Taiwan Business Bank, Taiwan Co-operative Bank, Union De Banques Arabes Et Françaises, Hua Nan Commercial Bank, Taishin International Bank, and Bank of Kaohsiung served as arrangers.