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Commodities

Singapore's Olam secures $525 million sustainability loan

Spike in green, sustainable loan deals in the last two weeks

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.

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