Leading global commodities company Trafigura has entered into a four-year liquefied natural gas (LNG) supply deal that will see some $3bn in US LNG make its way into the German gas grid.
The loan was secured in part by a guarantee under Germany’s United Financial Loan programme (UFK) through the German Export Credit Agenca Euler Hermes Aktiengesellschaft.
Jointly arranged and underwritten by Deutsche Bank, another unnamed international bank and syndicated to over 25 participating banks, the successful syndication was 1.6 times oversubscribed, according to Trafigura.
According to a company statement, the loan will support a new commitment by Trafigura to deliver substantial volumes of gas into the European gas grid, and ultimately into Germany, over the next four years.
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