Trafigura issues Rmb1.5bn panda bond

Singapore-headquartered global commodities group Trafigura Group has issued a Rmb1.5 billion $210 million panda bond with a tenor of three years, according to a January 24 media release. 

The move marks the return to the panda bond market for Trafigura after a three year period. The 13 investors included commercial banks, asset managers and securities firms.

“Since 2018 Trafigura has been a regular international issuer in the panda bond market which offers competitive pricing for long term capital and adds to the diversification of Trafigura’s sources of funding,” said Claire Chen, Trafigura China’s chief financial officer, said in a statement.

The panda bond...