tiprankstipranks
Olam Group’s Subsidiary Raises $65M via Private Notes
Company Announcements

Olam Group’s Subsidiary Raises $65M via Private Notes

Olam Group (SG:VC2) has released an update.

Don't Miss Our Christmas Offers:

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.

For further insights into SG:VC2 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Singapore Auto-Generated NewsdeskOlam Group Explores Sale of Agri Business Stake
TipRanks Singapore Auto-Generated NewsdeskOlam Agri Ends Takeover Bid for Namoi Cotton
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App