The facility is backed by SACE, the Italian export credit agency. SACE is a joint stock company that is 100% controlled by Italy’s ministry of economy and finance.
Olam Group’s subsidiary, Olam Food Ingredients (ofi), has secured its inaugural export credit agency (ECA) linked financing totalling some US$500 million ($664.9 million).
The facility comprises a five-year US$250 million tranche and a seven-year 37.38 billion yen (equivalent to around US$250 million) tranche.
