Trafigura puts Europe first in $600m perpetual bond sale

The unrated group decides to tap European investors first before coming to Asia as it raises fresh capital from a perpetual bond.

Trafigura puts Europe first in $600m perpetual bond sale

With sentiment clouded by a potential rate hike in the US and volatility in the crude oil market, commodities trader Trafigura took a smart route launching its latest bond offering in Europe first before tapping Asian demand.

The Singapore- and Switzerland-headquartered commodities trading house returned to the international bond markets on Tuesday, raising $600 million through a non-callable five-year perpetual bond sale.

The unrated deal was well received by both European and...

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