by Amruth Sundarkumar | Jan 6, 2023 | Singapore Dollar Bonds
Olam Group has hired banks for the Singapore IPO listing of its agribusiness Olam Agri, for about $1bn. The listing is planned to get completed later this year. Olam is currently focusing on executing its reorganization plan and will make a public announcement about...
by Amruth Sundarkumar | Aug 24, 2022 | Corporates, Singapore Dollar Bonds
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...
by Amruth Sundarkumar | Aug 12, 2022 | Corporates, Singapore Dollar Bonds
Singaporean agri-major Olam International reported strong revenue growth for 1H of 24.6% YoY to S$28.45bn ($20.8bn) from increased prices across many products and commodities such as grains and oilseeds, cotton, edible oils, coffee, and dairy. However, profit growth...
by Amruth Sundarkumar | Apr 28, 2022 | Corporates, Singapore Dollar Bonds
Agri-food company Olam International’s arm OFI (Olam Food Ingredients) is set to acquire Canada’s largest roasters of packaged coffee Club Coffee L.P. OFI will acquire Club Coffee at an enterprise value of CA$150mn (S$162mn), subject to working capital...
by Amruth Sundarkumar | Mar 25, 2022 | Singapore Dollar Bonds
Olam Group will sell 35.4% of its stake in Olam Agri Holdings to Saudi Agricultural and Livestock Investment Company (Salic) for $1.2bn. The transaction is expected to be completed by end-2022 after shareholders’ approval. Salic is owned by the Public Investment...
