Mercuria tests demand for $1b syndicated loan

Mercuria tests demand from lenders for its $1 billion loan even as it is embroiled in a lawsuit with Citi over payments for metal backed financing in Qingdao Port.

Mercuria tests demand for $1b syndicated loan

Swiss commodities trading firm Mercuria is testing lenders' appetite for a $1 billion syndicated loan facility, at a time when it is embroiled in a lawsuit with Citi over payments for metal-backed financing in the Qingdao Port.

The privately owned trading firm, which recently bought JP Morgan's physical commodities business, has become a regular visitor to syndicated loan markets in the region and concluded roadshows to lenders in Shanghai, Dubai, Taipei and Singapore some two...

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