Trader and shipowner Trafigura has raised CHF 165m ($165m) through its first bond sale in Switzerland.

The debt matures over five years with interest payable at 2.25%.

It was issued by Trafigura Funding under its European medium term notes (EMTN) programme and will be listed on the SIX Swiss Exchange.

"This new instrument has allowed the group to raise liquidity in the Swiss retail market and further diversify the company’s investor base," it said.