Gunvor has attracted a $550 mln credit line

​Gunvor Singapore Pte (in the structure of Gunvor) has attracted a $550 mln loan.

The credit line is opened by 2 tranches for 1 and 2 years. The loan will be spent by Gunvor to refinance another loan of $546.6 mln attracted in June 2014.

The organizers of the credit line were DBS Bank Ltd, ING Bank N.V. (Singapore Branch), Malayan Banking Berhad, (Singapore Branch), Oversea-Chinese Banking Corporation Limited, Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., (Singapore Branch) as well as Societe Generale (Singapore Branch).

Gunvor is in the top-3 largest oil traders in the world along with Glencore and Vitol. The company was founded in 1997, registered in Switzerland. The revenue in 2012 made up $93 bln. Gunvor holds on the parity basis with NTMP a company “Novorossiysk grease oil terminal”. Gunvor also holds the oil products port at the terminal in Ust-Luga.

Full text available to premium subscribers only.

Buy full access for 24 hours now


Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer