SINGAPORE (Nikkei Markets) -- Agriculture commodities giant Olam International has secured a $525 million sustainability-based revolving credit facility, the latest in a series of green and sustainable loan deals involving Singapore over the past two weeks.
The Olam loan, which involves nine different banks, comprises three tranches - a one-year revolving credit facility for $315 million, a two-year facility for $105 million and a three-year for $105 million. The interest margin will depend on Olam's ability to meet various targets, including its success in fostering prosperous farmers and thriving communities.
