April 16, 2013 / 8:57 AM / 6 years ago

Gunvor aims to riase $300 mln via 5-7-year bond

LAUSANNE, Switzerland, April 16 (Reuters) - Privately-owned commodities trader Gunvor hopes to raise $300 million through the sale of a 5-7-year bond, chief financial officer Jerome Schurink said on Tuesday.

“We are going to go for our first bond - unrated as well - to hopefully raise $300 million, (over) three to five years,” Schurink told a Financial Times commodities conference in Switzerland.

Schurink declined to give many details, other than to say: “We are not reinventing the wheel.”

Several private commodities traders have recently raised money from the bond markets, including Trafigura and Mercuria. (Reporting by Emma Farge and Christopher Johnson; editing by James Jukwey)

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