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Abonner Mercuria Energy Trading S.A.

Mercuria Energy Trading S.A.

Mercuria Energy Trading Pte Ltd (the "Company") USD281 Million Syndicated Revolving Credit Facility (the "Facility")

Singapore (ots/PRNewswire)

Fourteen international banks
lent overwhelming support to the maiden Asian syndicated facility for
Mercuria Energy Trading Pte Ltd. The facility, which was launched at
USD150 Million, closed oversubscribed with the final facility amount
being upsized to USD281 Million.
The Company mandated BNP Paribas, ING Bank N.V., Societe Generale
Corporate & Investment Banking and Standard Chartered Bank (each a
"Mandated Lead Arranger and Bookrunner" or "MLAB" and together the
"MLABs") for this transaction. Proceeds of the Facility will be
utilised to finance the working capital requirements of the Company
for its core activities. The revolving credit facility has a tenor of
one year, and carries an interest rate of 1.50% per annum over LIBOR.
"We are very pleased to have such a positive response from our
banking partners in Asia. We are building our presence in the region
and this Revolving Credit Facility confirms the significance of our
Asian business as well as the strength and importance of the Mercuria
Singapore presence," says Mr Jin Han, Director Mercuria Asia.
The ten other participating banks in the transaction include:
China Minsheng Banking Corp., Ltd, ICBC (London) Limited, Bank of
Ayudhya, Europe Arab Bank plc, Chinatrust Commercial Bank Co., Ltd,
Singapore Branch, Indian Bank, Singapore Branch, Raiffeisen
Zentralbank Osterreich AG, Singapore Branch, Mega International
Commercial Bank Co., Ltd., Offshore Banking Branch, PT Bank Mandiri
(Persero) Tbk, Singapore Branch and Union de Banques Arabes et
Francaises (UBAF).
Mercuria Energy Trading Pte Ltd, a wholly owned Singapore
subsidiary (incorporated in 2004) of Mercuria Energy Group Ltd
focuses on global trading of crude oil and refined oil products.
Currently Mercuria has offices in Singapore, Beijing (China), Dubai
(Emirates) and New Delhi (India). The Company is in the progress of
setting up a representation office in Jakarta (Indonesia) and has
entered into a joint venture arrangement with a local marketing
company in Bangkok (Thailand).
Mercuria Group is an international group of companies active over
a wide spectrum of global energy markets including crude oil and
refined products, biodiesel and vegetable oil, natural gas, power,
coal derivatives and carbon emissions. Diversified and rapidly
growing, the Group currently trades oil and petroleum products in all
main markets worldwide. In total nearly 82 million tonnes of physical
oil and products were sold by the Group in 2008 versus nearly 61
million tonnes in 2007.
For more information about the Facility, kindly contact the
following persons:
From Mercuria Energy Trading Pte Ltd
    Ms Jennifer Chan
    Chief Financial Officer, Asia Pacific
    Tel: +65-6416-2700
    From ING Bank N.V.
    Mr Tibor Papp
    Head of Syndicated Finance, Asia Pacific
    Tel: +65-6232-6265
    From BNP Paribas
    Mr Flavian Sim
    Loan Syndication, South East Asia & India
    Tel: +65-6210-1384
    From Societe Generale Corporate & Investment Banking
    Mr Jose Antonio Olano
    Head of Loan Syndication and Distribution, Asia Pacific
    Tel: +852-2166-5614
    From Standard Chartered Bank
    Ms Velarie Lee
    Syndications - South East Asia
    Tel: +65-6228-3446

Contact:

CONTACT: For more information about the Facility, kindly contact
thefollowing persons: From Mercuria Energy Trading Pte Ltd, Ms
Jennifer Chan,Chief Financial Officer, Asia Pacific, Tel:
+65-6416-2700. From ING BankN.V., Mr Tibor Papp, Head of Syndicated
Finance, Asia Pacific, Tel:+65-6232-6265. From BNP Paribas, Mr
Flavian Sim, Loan Syndication, SouthEast Asia & India, Tel:
+65-6210-1384. From Societe Generale Corporate &Investment Banking,
Mr Jose Antonio Olano, Head of Loan Syndication andDistribution, Asia
Pacific, Tel: +852-2166-5614. From Standard CharteredBank, Ms Velarie
Lee, Syndications - South East Asia, Tel: +65-6228-3446