The signing of the agreements follows approval by the US EXIM Board of Directors of two financial institution buyer credit (FIBC) policies issued to two financial institutions, including Citibank, for short-term facilities being extended to Trafigura.
Christophe Salmon, Trafigura’s Group Chief Financial Officer, said: “We’re delighted to have successfully closed the first LNG-based facilities backed by US EXIM’s FIBC insurance policy, which supports American jobs by facilitating US exports.”
Citibank, N.A. acted as sole arranger with Citibank, N.A., London Branch as ECA agent and lender for one of the facilities.
