Olam International

The issuance follows $250 mil subordinated perpetual securities issued under the same programme on Jan 18.

The facility is jointly provided by 18 banks

Olam plans to pay total FY2020 dividend of 7.5 cents, vs 8 cents paid for FY2019

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).

More companies in danger of default given higher leverage, weaker balance sheets and greater risk of liquidity crunch amid the pandemic

Revenue for 1Q20 grew 4.6% to $7.68 billion from last year.

Olam will book a post-tax capital gain of approximately US$37.5 million to US$40.0 million.

Olam International will hold the two new operating groups, thereby providing a parenting advantage by enabling synergies and accelerating growth.

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.