This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Olam Agri Secures $2.9bn Facility to Refinance Existing Loans
August 24, 2022
Olam Agri secured a $2.9bn facility with a 3Y tenor to refinance its existing loans, and for other corporate objectives. The loan is based on Poseidon Principles, a framework for including climate considerations into lending decisions to encourage global shipping’s decarbonization. Business Times notes that the facility is guaranteed by Olam Group with Olam Agri’s subsidiaries like Olam Global Agri and Olam Global Agri Treasury, as the co-borrowers. Olam Agri is the food, feed and fibre operating business of Olam Group.
Olam Agri’s SGD 4% 2026s were up 0.3 cents on the dollar to 94.06, yielding 5.%.
For the full story, click here
Go back to Latest bond Market News
Related Posts:Olam Posts 24.6% Revenue Growth
August 12, 2022
Frasers Property Returns to Profitability with H2 Profits of $390mn
November 12, 2021
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.