The revolving credit facility (RCF) launched by Gunvor Group in October has closed, significantly oversubscribed.

GTR reported that the facility was launched at US$1.2bn on October 29. It has closed at US$1.515bn. The initial tranche of US$1.21bn has been bolstered by a second tranche worth US$305mn.

The first tranche has a drawdown period of 364 days, while the second is for three years.

The syndicate is structured as follows:

Mandated lead arrangers (MLAs) and bookrunners: ABN Amro, Crédit Agricole, Credit Suisse, Gazprombank, ING, Natixis, Rabobank, RBS and Société Génerale.

Senior MLA: UBS

MLAs: DBS, Fifth Third, Sberbank and UniCredit.

Lead arrangers: KfW-Ipex, Apicorp, Bank Leumi, Deutsche Bank, Mashreq, QNB, Raiffesen and SMBC.

Arrangers: ABC, Arab Bank, Banco do Brasil, Banque Cantonale de Geneve, Commerzbank, Garanti, Goldman Sachs, Israel Discount Bank, NAB, Nedbank, Scotiabank, State Bank of India, UBAF.

Lead managers: Banque de Commerce et de Placements, BHF, DZ Bank, Hua Nan Commercial Bank, Banque Cantonale Vaudoise, Mega International Commercial Bank.