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...