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The
financing, which is for wholly-owned subsidiary Gunvor Singapore
Pte Ltd, is split between a US$955m, one-year tranche and an
US$86m, three-year tranche.
The loan was launched at US$750m but closed almost 40%
oversubscribed and was subsequently increased.
DBS Bank, First Gulf Bank, ING Bank, Oversea-Chinese Banking
Corp and Rabobank were active bookrunners and mandated lead
arrangers on the financing, while Maybank and Natixis were
bookrunning mandated lead arrangers.
ABN AMRO Bank, Credit Agricole, CTBC Bank, Emirates NBD, Societe
Generale, SMBC and United Overseas Bank joined the loan as
senior mandated lead arrangers, while APICORP, ICICI Bank and
UBS joined as mandated lead arrangers.
(Editing by Christopher Mangham)
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