Trafigura secures $200mn credit facility

The facility has a tenor of 364 days, with two 1 year extension options, and was arranged by Standard Chartered, United Overseas Bank and Westpac in Singapore.

According to a Trafigura statement, the facility was deemed necessary to provide increased liquidity to the group due to the global financial turmoil and a reduced level of liquidity in financial markets.

"At a time of extraordinary financial market circumstances, we are very pleased with the banks' continued commitment which comes as a res