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Gunvor signs oversubscribed trade revolver

24 June 2010

Energy traders Gunvor International and Gunvor Singapore have seen their trade revolvers sign oversubscribed.

Read more: Energy traders Gunvor International and Gunvor Singapore trade revolvers

Banks have signed a $1.03 billion trade revolver for energy trader Gunvor International and Gunvor Singapore.

The one-year trade loan originally launched at $750 million increased during syndication. A total of 16 banks committed during...

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Following the financial crisis of 2008, progress was made by the regulators on the Basel III Accord. 2011 saw a growing concern by a number of banks that a possible unintended effect of Basel III was a severe reduction in financing trade, particularly for short-term letters of credit.

Lessons to be Learned from 2011 and Issues to Look out for in 2012 - Trade Finance Market Outlook 2012


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