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  • Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
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  • Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
  • Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
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  • Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
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  • Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 121 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
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  • Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
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  • Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
  • Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
  • Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
  • Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/alfi/tes_website/sites/all/modules/blockgroup/blockgroup.module).
  • Notice: Undefined index: #form_id in theedgesg_preprocess_page() (line 3452 of /home/alfi/tes_website/sites/all/modules/custom/theedgesg/theedgesg.module).

Olam International

Olam issues $100 mil subordinated perpetual securities under EMTN Programme - THE EDGE SINGAPORE

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.

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

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).

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

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.

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.

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.

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.
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