Gunvor launches first Asia revolver
Oil trader Gunvor has launched a 364-day US$470mn revolving credit facility in favour of Gunvor Singapore.
Gunvor has already selected the bookrunning mandated lead arrangers for the deal, while tickets for bookrunning MLA , MLA and arranger are still on offer.
Acting as the bookrunning mandated lead arrangers are: Arab Petroleum Investments Corporation, Australia and New Zealand Banking Group, China Development Bank, DBS, First Gulf Bank, ING Bank, National Australia Bank, Société Générale CIB and Sumitomo Mitsui Banking Corporation (SMBC) China Development Bank, DBS, ING Bank, Société Générale CIB and SMBC will act as active bookrunners on the deal.
The facility − guaranteed by Gunvor Group − will be used for general corporate purposes and to refinance Gunvor Singapore’s existing debt.
Tickets for the following transactions are still on offer for bookrunning MLA, for an amount of US$35mn; MLA for US$25mn, lead arranger for US$15mn, and arranger for US$10mn.