Oil merchant ZenRock owes at least $615 million to banks, trade partners - documents

Troubled oil trader ZenRock owes at least $615 million to banks, suppliers and customers, it said in Singapore court filings seen by Fastmarkets.

ZenRock has $116.1 million in secured financing owed to the banks HSBC, Natixis, BCP, Bank of China, Credit Agricole and ING Bank, the company’s president, Xie Chun, told Singapore’s High Court in an affidavit.

The company has $448.9 million in unsecured obligations to other market participants, it said in the filing, which was...

Published

Archie Hunter

May 12, 2020

18:40 GMT

London