Perspective
21 February 2025
A complete unknown? Trafigura leads the market with innovative eBL financing
In:
Metals and Mining
Region:
Europe
In October 2024 Trafigura closed a $2.8 billion borrowing base – the first in the syndicated market to use electronic bills of lading as collateral. How did the trader grapple with legal and technical questions and convince a group of 27 lenders to back this innovative new structure?
