Aolan Agriculture receives a three-year financing arrangement of US$1.85 billion

Business 9:12am, 31 May 2025 151

The leading banks for traditional loans include ANZ, BBVA, BNP Paribas, ING, Intesa Sanpaolo, Natixis, and First Abu Dhabi. These banks are responsible for arranging and syndicating loans.

HSBC serves as the loan agency for this part of the loan, responsible for managing the daily operations of the loan and the relationship between the borrower and the lender.

Olam Group closed its market on Friday (May 30) and announced that its subsidiary Olam Agri, a food, feed and fiber business subsidiary, has received a three-year dual tranche financing arrangement worth US$1.850 billion (about S$2.4 billion) for a three-year dual tranche loan as a general corporate loan.

The financing arrangement consists of two loans, the first of which is a $1.6 billion traditional loan, and another $250 million Islamic loan.

In the Islamic loan part, Dubai Islamic Bank serves as the leading arrangement bank and investment agent.

Aolan Group closed down on Friday and rose 1.12% to 0.90 yuan.