Press release
24th Sep, 2026
ofi announces issuance of US$300 million Perpetual Hybrid Capital Instrument
Singapore
Olam Group Limited ("Olam Group") today announced that its wholly owned operating group, olam food ingredients ("ofi"), has successfully completed the issuance of US$300 million of Perpetual Hybrid Capital Instruments ("HCIs"), representing ofi's inaugural hybrid capital transaction and marking the first syndicated bank-funded hybrid capital issuance in the food and beverage sector.
Rishi Kalra, Executive Director and Group CFO of ofi said:
“This transaction represents an important step in ofi’s capital management strategy. It broadens our access to long-term capital, diversifies our funding sources and strengthens our capital structure. The issuance also establishes an additional financing platform to support the business’s long-term funding requirements and growth objectives.”
The HCIs were issued by ofi Treasury B.V. (“OTBV”) and subscribed for by Melati Designated Activity Company (“Melati”), a third-party special purpose inve
Blog
20th Mar, 2023
Building a Business that Conserves Forests, One Step At a Time
“I have worked in the Congo basin for years, but nothing could have prepared me for the moment when I was just steps away from Buka, who belongs to one of the four groups of habituated silverback gorillas living in the vicinity of our forest concessions in the Congo Basin,” says Vincent Istace, Head of Corporate Responsibility & Sustainability at Congolaise Industrielle des Bois (CIB), an Olam Agri subsidiary.
Personal pictures of Paki Paki taken by Vincent Istace in 2021. © Vincent Istace
“This landscape is ideal for wildlife viewing compared to other natural forests in the area. The forest is more open, making it easier to see and spot gorillas and other wildlife. This feature has made sites such as Mondika one of the world’s most interesting spots for the study of great apes.
It may surprise some to hear that critical gorilla and chimpanzee habitats around the buffer zones of Nouabale-Ndoki National Park, are also where sustainable timber harvesting is practiced.”
Forest