News
18 August 2020
Olam upsizes Samurai facility to JPY38.85bn
In:
Agriculture/food chain
Region:
Asia-Pacific
Agribusiness Olam International has announced that its wholly owned subsidiary, Olam Treasury Pte, has completed the syndication of its medium-term samurai loan facility, increasing it from JPY25 billion to JPY38.85 billion.
The facility consists of two tranches: a three-year tranche of JPY27.60 billion, and a five-year tranche of JPY11.25 billion, guaranteed by Olam.
MUFG Bank Ltd, Mizuho Bank, Ltd, Sumitomo Mitsui Banking Corporation (Singapore Branch), and Development Bank of Japan acted as Mandated Lead Arrangers and Bookrunners.
The facility also saw participation from 12 Japanese and international banks. Sumitomo Mitsui Banking Corporation (Singapore Branch) and Barclays Bank were the swap providers.
