Oryx and Trafigura show two speeds of commodity ABS

In:

Oil & gas

Region:

Americas, Europe

Max Thompson

Managing Editor

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Oryx has priced a landmark Permian midstream ABS that may open a new funding route for commodity infrastructure borrowers. But with Trafigura’s latest commodity receivables securitisation pricing tighter in the same week, the message from investors was clear enough: new asset classes still need to pay their way.