Today the Vitol Group, the world’s largest independent energy trader, announced the successful renewal and increase of Vitol Asia’s 1 year revolving credit facility. The credit facility was closed at $1.9bn, a significant year-on-year increase.

The Original Mandated Lead Arrangers and Bookrunners are: Australia and New Zealand Banking Group Limited, Commonwealth Bank of Australia, Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited, United Overseas Bank Limited, DBS Bank Ltd., National Australia Bank Limited, Singapore Branch, Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and Westpac Banking Corporation.

The Original Mandated Lead Arrangers are: Bank of China Limited, Singapore Branch and ING Bank N.V., Singapore Branch.

In addition to the 12 Original Mandated Lead Arrangers and Bookrunners listed above, a further 14 banks joined the credit facility.

Vitol appreciates the continued support from all its banking partners.