Trafigura Securitisation Finance Plc (TSF), a receivables securitisation vehicle of Trafigura Group Pte Ltd (Trafigura), has successfully priced a new series of notes (TSF 2024-1) on the 144A/RegS asset-backed securities (ABS) market.
This is Trafigura’s seventh public ABS transaction since the inception of the programme in November 2004. TSF has since become the largest AAA/Aaa publicly rated securitisation programme of trade receivables in the world. It offers investors rare access to a blended portfolio of short-term credit exposure on oil majors, non-ferrous metals and minerals purchasers and highly rated banks, through payment undertakings.
