by Amruth Sundarkumar | Feb 10, 2023 | Singapore Dollar Bonds
Commodity trading major, Trafigura expects to see a $577mn impairment after a two-month inquiry uncovered that metal cargoes it had bought did not contain the nickel that it expected. Trafigura has been trading with Indian businessman Prateek Gupta’s companies since...
by Amruth Sundarkumar | Mar 16, 2022 | Corporates, Singapore Dollar Bonds
Trafigura is said to be in discussions with private equity groups for increased financing, according to sources. This comes after sources said that it faced margin calls in the ‘billions of dollars’ last week as oil and commodity pries soared on...
by Amruth Sundarkumar | Mar 3, 2022 | Corporates
Dubai’s DP World has temporarily halted its Ukraine operations after attacks in different parts of the country, according to a company source. The sources added that the port operator was also reviewing its business in Russia due to the sanctions imposed by EU...
by Amruth Sundarkumar | Dec 9, 2021 | Corporates, Singapore Dollar Bonds
Commodity trader Trafigura reported its biggest annual profits in its 28-year history. For the year ending September 2021, it reported net profits of $3.1bn, 1.94x last year’s figures and revenues rose 57% YoY to $231bn. Its total assets jumped to $90.1bn from...
by Amruth Sundarkumar | Sep 24, 2021 | Singapore Dollar Bonds
Trafigura announced that it will accept purchasing validly tendered securities under its tender offer launched on September 13, 2021 for its $800mn 6.875% Perp. Trafigura will purchase the securities in for cash to the tune of $320.821mn in principal. The maximum...
