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Dhaman signs US$100mn Trafigura insurance deal
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Dhaman signs US$100mn Trafigura insurance deal
The Arab Investment and Export Credit Guarantee Corporation (Dhaman) has agreed to cover US$100mn in credit facilities provided to Trafigura by SMBC and Standard Chartered. Standard Chartered served as the sole coordinator, structuring bank and agent for the loan, Dhaman says in a statement, while SMBC was a mandated lead arranger, according to the bank. The insurance contracts run for three years. Dhaman says the funds will be used by Trafigura…
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