Singapore's Golden Agri-Resources sets up $1.5 billion MTN program

By Marisa Wong

Madison, Wis., April 4 - Golden Agri-Resources Ltd. announced it established a $1.5 billion multicurrency medium-term note program on Friday.

Wholly owned subsidiary Golden Assets International Investment Pte. Ltd. will be the issuer under the program.

Oversea-Chinese Banking Corp. Ltd. is the arranger and also a dealer with Mitsubishi UFJ Securities (Singapore) Ltd.

Proceeds will be used for general corporate purposes and working capital needs, including repayment of outstanding borrowings.

Golden Agri-Resources is a Singapore-based palm oil plantation company.

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