First Resources seeks $150m dual-currency loan

By Pan Yue
14 Jan 2021

Singapore-listed palm oil company First Resources is tapping the loan market for a $150m-equivalent dual-currency deal.

Sumitomo Mitsui Banking Corp brought in United Overseas Bank as a mandated lead arranger and bookrunner before launching the deal into syndication.

Lenders can commit in either dollars or yen, but the split between the two currencies has not been decided, according to a banker close to the ...

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