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Trafigura signs $800 million loan agreement with Germany

Published 10/21/2022, 05:54 AM
Updated 10/21/2022, 05:55 AM
© Reuters. FILE PHOTO: Trafigura logo is pictured in the company entrance in Geneva March 11, 2012. REUTERS/Denis Balibouse

(Reuters) - Commodities trading firm Trafigura said on Friday it had signed an $800 million five-year loan agreement guaranteed by the government of Germany.

The guarantee, being provided under Germany's Untied Loan programme, will support the commitment by Trafigura to deliver, under a five-year supply agreement, up to 500,000 tonnes of non-ferrous metals to the country.

"In exchange for offering cover on the financing, Trafigura has committed to a new long term agreement to supply strategic commodities," the company said.

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