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Trafigura sells $200m 7.5% perpetual bonds

Dutch firms gets S$300m orders for its 'non-call 5' issue

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.

The perpetuals have a call option at the fifth year, with the first call on Feb 19, 2019.

The interest rate of 7.5 per cent is...

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