Charterer and commodities trader Trafigura Group has clinched its cheapest ever perpetual bond after it reported "very strong and wide support" from investors.
The $400m subordinated issue was oversubscribed 3.75 times by institutional backers and private banks in Asia and Europe, with more than 160 buyers taking part.
Momentum during marketing and book-building allowed the company, which also owns ships, to cut the interest down from talk of 6.25%
