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Olam International
Commodities
Olam issues $100 mil subordinated perpetual securities under EMTN Programme
The issuance follows $250 mil subordinated perpetual securities issued under the same programme on Jan 18.
April 20, 2021
Sustainability
Olam secures US$1.45 bil facility for its sustainability-oriented supply chain platform
The facility is jointly provided by 18 banks
March 31, 2021
Results
Olam FY2020 earnings down 22.3% on impairment; aims for subsidiary spin-off by 1HFY2022
Olam plans to pay total FY2020 dividend of 7.5 cents, vs 8 cents paid for FY2019
February 26, 2021
Sustainability
Olam secures $348.4 mil sustainability-linked loan, third in two years
Leading food and global agri-business, Olam International and its wholly owned subsidiary, Olam Treasury, have secured a revolving sustainability-linked credit facility amounting to some US$250 million (S$348.4 million).
June 18, 2020
Debt and defaults
Debt danger lurks in Covid-19 shadow
More companies in danger of default given higher leverage, weaker balance sheets and greater risk of liquidity crunch amid the pandemic
May 29, 2020
Results
Olam posts 6.1% increase in 1Q20 earnings to $179.1 mil
Revenue for 1Q20 grew 4.6% to $7.68 billion from last year.
May 14, 2020
Company in the news
Olam to divest 50% stake in Indonesian sugar joint venture for up to US$85 mil
Olam will book a post-tax capital gain of approximately US$37.5 million to US$40.0 million.
March 03, 2020
Restructuring
Olam reorganises, mulls IPO of business units
Olam International will hold the two new operating groups, thereby providing a parenting advantage by enabling synergies and accelerating growth.
January 20, 2020
Sustainability
Convergence of ESG standards seen; sustainability can be a business advantage
SINGAPORE (Dec 9): The efforts to promote sustainability in the financial community is gaining momentum. However, companies and their investors continue to debate whether being sustainable is profitable.
December 06, 2019