Winning TXF’s Best Commodity Trader Finance Deal of the Year, Trafigura sealed a complex $250 million two-step pre-payment loan in 2018 to finance the procurement of copper cathodes from Russia’s Norilsk Nickel, despite a stressed deal timeline.
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A new commodity trader is set to tap the ECA-backed loan market to diversify their fund mix amid the drive to energy transition. The deal marks a continued increase in the use of ECA debt as an instrument in trading houses’ financial toolkits.
TXF will be hosting the 10th Anniversary of its Global Commodity Finance Conference in Amsterdam on 22-23 May 2024, at the Grand Krasnapolsky Hotel, with our black-tie Industry Awards Dinner on the 21st.