ofi secures inaugural US$1,075 million dual currency loan facility

Sample article from our Agriculture Industry

SINGAPORE , July 8, 2024 (press release) –

Get in Touch with Our CR&S TeamGet in Touch with Our CR&S Team

  1. Home
  2. News


Olam Group Limited (“Olam Group”) announced today that its wholly owned subsidiary, olam food ingredients (“ofi”), a global leader in naturally good food and beverage ingredients, has secured its inaugural dual currency (USD & CNH) term loan facility aggregating US$1,075 million (the “Facility”).

Rishi Kalra, Executive Director and Group CFO of ofi said: “This is ofi’s first facility that contains a CNH tranche which further diversifies our borrowing mix and complements our strong liquidity position.”

The Facility has Olam Treasury Pte Ltd as a Borrower. The Facility is initially guaranteed by Olam Group Limited which will transfer to ofi Group Limited following the planned IPO and demerger of ofi. Proceeds from the Facility will be applied towards refinancing of ofi’s existing loans and general corporate purposes. The Facility comprises a two-year USD 950 million term loan tranche and a one-year CNH 875 million (~USD 125M) tranche with a lenders’ extension option of one year. 

A total of 10 banks participated in the Facility across three tiers:

Senior Mandated Lead Arrangers

1. Bank of China Limited

2. DBS Bank Ltd

3. Industrial and Commercial Bank of China Limited

4. The Hong Kong and Shanghai Banking Corporation (HSBC)


Mandated Lead Arrangers

5. CTBC Bank Co Ltd

6. Standard Chartered Bank (Singapore) Limited


Lead Arrangers

7. Bank of Communications Co Ltd

8. Cathay United Bank

9. China Citic Bank International Limited

10. Malayan Banking Berhad

HSBC has been appointed as the Facility Agent. 


* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

More from our Agriculture Industry Coverage
See our dashboard in action - schedule an demo
Chelsey Quick
Chelsey Quick
- VP Client Success -

We offer built-to-order agriculture industry coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other media. To find out more about the cookies we use, see our Privacy Policy. We won't track your information when you visit our site. But in order to comply with your preferences, we'll have to use just one tiny cookie so that you're not asked to make this choice again.