Financial news Finance Global

Mercuria Signs Asia $1.0 Billion USD Revolving Credit Facilities

18th November 2014

SINGAPORE – A group of 38 banks joined with Mercuria Energy Group Ltd. (Mercuria),  the global energy and commodities group, to announce the successful signing of a USD 1 billion Asia credit facility.

The banks included Australia and New Zealand Banking Group Limited, The Bank of Tokyo-Mitsubishi UFJ, Ltd., DBS Bank Ltd., Emirates NBD Capital Limited, First Gulf Bank PJSC, Singapore Branch, Industrial and Commercial Bank of China Ltd, ING Bank N.V., The Royal Bank of Scotland plc, Société Générale Corporate & Investment Banking and Sumitomo Mitsui Banking Corporation acting as Mandated Lead Arrangers and Bookrunners.

The facilities, signed 18 November 2014, are comprised of a new USD 622 million 364-day tranche with swingline and Offshore Chinese Renminbi (CNH) options and a USD 378 million three-years revolving tranche.  The facilities were issued for Mercuria Energy Trading Pte. Ltd. and Mercuria Asia Group Holdings Pte. Ltd.

Mercuria will use the facilities for general corporate purposes and to refinance the Group’s maturing USD 530 million 364-day and USD 470 million three-year revolving credit facilities dated 30th November 2013.

The new Facilities were launched on 17 September with bank meetings held in Dubai, Shanghai, Taipei and Singapore, and were significantly oversubscribed, more than 60 percent above the initial launch amount.

“We are very pleased with the strong outcome of oversubscription and 38 banks committing to these facilities,” concluded Guillaume Vermersch, Chief Financial Officer of Mercuria. “The number of new geographically diverse banks, and a broader group of top-level Bookrunner Mandated Lead Arranger and Mandated Lead Arranger banks demonstrates the strength of the syndicate and continued confidence of our financing partners in Mercuria’s business model, as well as the robust appeal of the facilities. We look forward to continuing to work closely with our banking group.”

The following banks joined the Mandated Lead Arrangers and Bookrunners in general syndication:

Mandated Lead Arrangers

Al Ahli Bank of Kuwait

Arab Petroleum Investments Corporation (APICORP)

The Hongkong and Shanghai Banking Corporation Limited

Mizuho Bank, Ltd

Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank International)

Standard Chartered Bank

Lead Arrangers

Banco do Brasil AG

Bank of China Limited

BNP Paribas

Indian Bank

Oversea-Chinese Banking Corporation Limited

State Bank of India

Westpac Banking Corporation


Commonwealth Bank of Australia

CTBC Bank Co., Ltd.

Garanti Bank International

Hang Seng Bank Limited

Indian Overseas Bank

Qatar National Bank


United Overseas Bank Limited


The Bank of East Asia, Limited

Mashreqbank psc

Mega International Commercial Bank Co., Ltd.

Raiffeisen Bank International AG

Union National Bank PJSC


Union de Banques Arabes et Françaises

Zenith Bank (UK) Limited

For more information about the facility, kindly contact the following:

Mercuria Energy Trading Pte. Ltd. and Mercuria Asia Group Holdings Pte. Ltd.

Ms. Evelyn Tay

t) +65 6416 2739


Mr. Chew Siang Chee

t) +65 6416 2725


Mercuria Energy Group

Mr. David Stanton

t) +41 22 595 8719


Mr. Marc Koyanagi

t) +44 20 7898 0038


ING Bank N.V.

(Publicity bank on behalf of the Mandated Lead Arranger and Bookrunners) Mr. Paul Verwijmeren

t) +65 6232 6271


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