The new USD and CNH-denominated funds will be used to refinance maturing loans and for general corporate purposes, as the company looks to create a liquidity buffer for potential price volatility.
The new solution aims to tackle a lack of transparency of emissions from the transportation of commodities in the supply chain and will allow clients to improve Scope 3 reporting.
A week after refinancing its flagship $5.295 billion European syndicated revolving credit facilities, Trafigura has raised a new $1.2 billion loan to address ongoing volatility in oil markets.
In part two of this exclusive interview with CT, Trafigura group treasurer Laurent Christophe shares the firm's technology strategy to optimise processes and explains how treasurers can prepare for the end of Libor.
Trafigura, Natixis, and IBM launch new blockchain ledger geared for crude oil trade finance. They say every party in the payment ecosystem will be able to access it and benefit from the technology