The proceeds of the loan will be used for maintaining Halcyon Agri’s rubber plantations while promoting its Cameroon Outgrower Programme. The programme aims to provide additional food security and boost the income of 13,000 local smallholder farmers.
SINGAPORE (July 2): Deutsche Bank’s Corporate Bank today announced that it has provided a US$25 million ($34.8 million) sustainability-linked loan facility with a three-year tenor, and an accordion feature to upsize the facility to US$75 million, to Corrie MacColl, a subsidiary of Halcyon Agri Corporation.
The loan will go to financing the company’s capital expenditure (capex) investments for its rubber plantations in Cameroon and Malaysia.
