Digital Assets in Capital Markets

Advanced course on digital assets - assets created using a blockchain/DLT network - designed for finance professionals.

IBF-STS
8 CACS CPD Hours

15 November 2022 (Tuesday) | 9am-5pm

Singapore-based food and agri-business company Olam International announced that it has secured a $150mn club loan that could fund the demerger and IPO of its new operating company Olam Food Ingredients (OFI). This comes about four months after the company announced plans to list on the premium segment of the London Stock Exchange (LSE) and a concurrent listing on SGX by early 2022. The 1Y club loan was closed with DBS and ICBC Singapore branch. Olam’s SGD 5.5% Perps traded steady at 101.15 yielding 3.5%.

Another Singapore-based company, CapitaLand Integrated Commercial Trust (CICT) announced plans to launch a private placement of 103.6mn new units at a price of S$1.930-1.981/unit to raise at least S$200mn ($146mn). CICT added that about 75% of the proceeds will be used to fund its recent acquisition of two office buildings in Sydney. Of the balance, 23% will partially fund potential acquisitions in Singapore and other developed markets and the remaining 2% will be used to pay for transaction-related costs incurred for the private placement. CapitaLand’s SGD 3.65% Perps are currently trading at 100.01 yielding 3.64%.

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