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Welcome to Ministry of Wealth and Gifts for your loved ones!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Friday, 29 July 2011

Olam closes US$1.25 bln syndicated term loan

SINGAPORE - Singapore commodities trader Olam International said on Friday it has successfully closed a $1.25 billion syndicated term loan facility.
The facility comprises a US$625 million three-year tranche and a US$625 million five-year tranche. Olam said it represents the largest syndicated financing for the firm to date.

The proceeds will be used for refinancing of existing debts, as well as for working capital and general corporate funding requirements, including capital expenditure and expansion of Olam's supply chain management business. -- REUTERS
Posted by Createwealth8888 at 18:31
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