Singapore's IndoAgri sets up S$500 million euro MTN program

By Marisa Wong

Madison, Wis., Sept. 30 - Indofood Agri Resources Ltd. (IndoAgri) announced it established a S$500 million euro medium-term note program.

DBS Bank Ltd. is the lead arranger and dealer.

Proceeds from the multicurrency program will be used for working capital or general corporate purposes.

Singapore-based IndoAgri is a vertically integrated agribusiness group. Its principal activities are oil palm seed breeding, oil palm plantation cultivation, producing and refining crude palm oil and crude coconut oil, cultivating rubber plantations and marketing and selling these end products.

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