Trafigura sells $200m 7.5% perpetual bonds

TRAFIGURA Beheer BV has sold its first Singapore dollar $200 million perpetual bonds non-call five priced at 7.5 per cent.

"Non-call five" means the bonds cannot be redeemed before the fifth year.

The Dutch-based commodity giant, which has its main booking entity for the group's trading activities in Singapore, received orders approaching $300 million, said DBS Bank yesterday.