Participation in a RCF of the Gunvor Group

UBAF has renewed its participation

UBAF has renewed its participation in a Revolving Credit Facility (RCF) of the Gunvor Group
RCF
  • UBAF
  • Trade finance
03 November 2019

UBAF has renewed its participation in a Revolving Credit Facility (RCF) of the Gunvor Group

As part of its trade finance activities, UBAF renewed its participation in the Gunvor Group's RCF. This RCF was oversubscribed by the banks with a final amount of $1.69 billion. This type of financing provides the Group with a liquidity cushion for managing its price risk.

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