Swiss shipowner and trader Trafigura has raised another $500m through a bond issue.
The asset-backed securities (ABS) mature over three years and represent the company's fifth public ABS deal since it started the programme in 2004.
The offering was significantly oversubscribed, it said.
US and European investors snapped up the notes, which were sold by Trafigura Securitisation Finance.
Of the total, $185m will be floating-rate Class A1 notes with interest at one-month Libor plus 73 basis points (bps); $280m will be fixed-rate notes of Class A2 with a mid-swap coupon plus the same number of basis points, and the remaining $35m are fixed-rate B notes at...
