Trafigura Preps Launch of Asset-Based Loan

Trafigura Preps Launch of Asset-Based Loan

Mexico Loans

The Mexican subsidiary of global trader Trafigura could launch an up to $350m 1-year asset-based loan into general syndication as soon as this week after wrapping up roadshows among Latin American banks. Bookrunners are BNP Paribas, Bladex and Scotia bank, with Banco do Brasil also heard participating. The structure is unusual for LatAm investors, but Trafigura is heard looking to diversify its funding base beyond its relationship lenders. Size will be based on a percentage of the underlying wor

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