Singapore: IFC may extend $120m loan to Temasek-backed Olam International

Singapore: IFC may extend $120m loan to Temasek-backed Olam International

International Finance Corporation (IFC), a member of the World Bank Group, has proposed a debt investment of $120 million in Singapore-based commodities firm Olam International, according to its disclosure.

IFC has proposed an investment of up to $120 million in unsecured, corporate loan to Olam to finance the Singapore-listed company’s procurement activities, farmer financing and market access in certain countries in Africa, Southeast Asia, and the Pacific.

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