Olam secures $249.09m term loan from IFC and JICA

Proceeds will be used for the procurement of specific agri-commodities.

Agri-business Olam International and its wholly owned subsidiary Olam Treasury (OTPL) have secured multi-tranche financing facilities aggregating $249.09m (US$176m) from the International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA), an announcement revealed.

The facilities consist of two tranches–a five-year term loan of $169.85 (US$120m) and a seven-year term loan of $79.26m (US$56m).

Proceeds will be used for the procurement of specific agri-commodities from smallholder farmers in Vietnam, Indonesia, Timor-Leste, Papua New Guinea and Uganda, as well as the expansion of Olam’s cocoa processing facility in Indonesia.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia