By Devika Patel
Knoxville, Tenn., Sept. 30 – Gunvor Group Ltd. issued $300 million of 6.25% five-year senior notes in a Regulation S offering on Thursday, according to a press release.
The notes are guaranteed by Gunvor SA, Gunvor International BV, Gunvor Singapore Pte. Ltd., Clearlake Shipping Pte. Ltd. and Gunvor USA LLC.
Citigroup Global Markets Ltd., ING Bank NV and Societe Generale were the joint lead managers.
Proceeds will be used for general corporate purposes.
Gunvor is a commodities trading house based in Geneva.
| Issuer: | Gunvor Group Ltd.
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| Guarantors: | Gunvor SA, Gunvor International BV, Gunvor Singapore Pte. Ltd., Clearlake Shipping Pte. Ltd. and Gunvor USA LLC
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| Amount: | $300 million
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| Description: | Senior notes
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| Maturity: | 2026
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| Bookrunners: | Citigroup Global Markets Ltd., ING Bank NV and Societe Generale
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| Coupon: | 6.25%
|
| Settlement date: | Sept. 30
|
| Distribution: | Regulation S
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