Gunvor Supports Growth With USD 500 mil. Inaugural Bond

GENEVA, May 17, 2013 /PRNewswire/ --

NEITHER THIS ANNOUNCEMENT NOR ANY PART OR COPY OF IT MAY BE TAKEN OR TRANSMITTED INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR DISTRIBUTED DIRECTLY OR INDIRECTLY OR REDISTRIBUTED INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR TO ANY RESIDENT THEREOF.

Gunvor Group has successfully priced a USD 500 mil. bond as a part of the company's strategy to diversify and strengthen its financial foundation and long-term capital structure. Strong demand for the offering came from both retail and institutional investors, resulting in a final order book of over $2.75 bil. The significant oversubscription enabled Gunvor to upsize the offering from an originally announced size of $300 mil to $500 mil.

The instrument has a 5-year tenor with a maturity date of 2018, and a 5.875 percent coupon. It is Reg S only, and will be listed on the Singapore Stock Exchange. Credit Suisse, Goldman Sachs International, ING and Societe Generale Corporate and Investment Banking were joint bookrunners.

Gunvor Group is one of the world's largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. With strategic investments in energy infrastructure-refineries, pipelines, storage, terminals and coal mining-Gunvor further generates sustainable value across the global supply chain for its customers. More information can be found at GunvorGroup.com or @Gunvor.

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy securities to any person in the United States, Australia, Canada or Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful.

Seth Thomas Pietras
Gunvor Group
+41-79-870-6290
@Gunvor