Olam Group says unit secures US$1.12 billion dual currency loan

OLAM Group said on Wednesday its unit olam food ingredients (ofi) had secured a multi-tranche dual currency term loan facility aggregating US$1.12 billion.

The facility, consisting of two US dollar tranches of US$775 million in total and a tranche of 2.42 billion yuan (S$444.3 million), would be transferred to the unit following its planned initial public offering and demerger.

Olam, one of the world’s biggest agricultural commodity traders, is interested in listing its ingredients business on the premium segment of the London Stock Exchange alongside a secondary listing in Singapore.

Ofi, created in early 2020 following a re-organisation of Olam, accounted for nearly 40 per cent of the group’s total revenue in fiscal 2024 and contributed S$14.7 billion in the first six months of 2025. REUTERS