The Vitol Group has announced the successful renewal of Vitol Asia’s one-year revolving syndicated credit facility. The facility was oversubscribed and closed at US$1.87bn.

The original 11 mandated lead arrangers and bookrunners are: ANZ Commonwealth Bank of Australia, DBS Bank, HSBC, ING Bank, National Australia Bank, Oversea-Chinese Banking Corporation, Standard Chartered, Sumitomo Mitsui Banking Corporation, United Overseas Bank and Westpac.

A further nine banks joined the credit facility.