Trafigura closes $2.3 billion loan raised to dealwith products rally

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Commodities trader Trafigura Group on Wednesday stated it has closed the syndication of its multi-currency revolving credit center amountingto $2.3 billion, a considerable boost from the preliminary underwritten quantity of $1.2 billion.

“This extra liquidity buffer improves Trafigura’s capability to handle the present extraordinary market conditions, and shows when onceagain strong assistance from the banking neighborhood,” Trafigura chief monetary officer Christophe Salmon stated.

(Reporting by Swati Verma in Bengaluru, Editing by Louise Heavens)

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