Temasek lifts Olam from Muddy Waters to $1B loan: Bloomberg
Nineteen banks around the globe lent to the company.
After fending off an attack by infamous US-based short seller muddy waters three years ago, the agribusiness company is finally out of the ditch.
Nineteen banks from around the globe last week lent $1 billion to the company, which has been controlled by Singapore state investment fund Temasek Holdings Pte since 2014. Olam’s 2020 dollar bonds returned 6.9 percent in the past year, as those of rival commodities traders slumped, Bloomberg said.
Read the full report here.