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Trafigura inks US$235mn loan deal with UAE
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Trafigura inks US$235mn loan deal with UAE
Commodities trader Trafigura has secured a US$235mn syndicated loan agreement with two banks and Abu Dhabi’s export finance institution, aimed at supporting the company’s purchase of UAE-produced commodities such as energy, minerals and metals. The facility is backed by Japan’s SMBC, which coordinated the syndication, and the Commercial Bank of Dubai (CBD). Under the terms of the agreement, the Abu Dhabi Exports Office (Adex) will also provide U…
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