Olam Group (SG:VC2) has released an update.
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Olam Group’s subsidiary, ofi, has successfully issued US$65 million in 5-year floating rate notes through a private placement, with Mizuho Securities acting as the dealer. The funds raised will be used to refinance existing loans and support general corporate activities. This strategic move reflects Olam’s ongoing efforts to strengthen its financial position and sustain its growth in the global food and beverage ingredient market.
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