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BT Explains: What it means to base a loan on Poseidon Principles
Published Wed, Aug 24, 2022 · 08:03 PM
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THE US$2.9 billion loan facility which Olam Agri has taken out to refinance its existing loans, among other uses, involves 16 lenders that united over what are known as Poseidon Principles.
Why are lenders enthusiastic about this set of principles, and what obligations are tied behind loans issued based on them? The Business Times explains.
What are Poseidon Principles?
KEYWORDS IN THIS ARTICLE
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