Singapore's Olam Group says unit secures $1.12 billion dual currency loan
10/12/2025 04:29
Dec 10 (Reuters) - Singapore's Olam Group OLAG.SI said on Wednesday its unit olam food ingredients has secured a multi-tranche dual currency term loan facility aggregating US$1.12 billion. The facility, consisting of two U.S. dollar tranches of $775 million and a tranche of 2.42 billion yuan ($342.68 million), would be transferred to the unit following its planned initial public offering and demerger. ($1 = 7.0619 Chinese yuan) (Reporting by Sneha Kumar in Bengaluru; Editing by Subhranshu Sahu) ((Sneha.Kumar@thomsonreuters.com))
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