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Sovereign Wealth Funds Briefing - Categorized | Financials

Olam says banks raised no credit concerns in Temasek talks

Posted on 05 December 2012

Olam International, the commodity trader that Muddy Waters LLC said is in danger of failing, said banks hired to help sell US$1.25 billion in bonds and warrants didn’t raise concerns about its credit position in discussions with shareholder Temasek Holdings.
Credit Suisse Group, DBS Bank, HSBC Holdings and JPMorgan Chase “confirm that there was no mention of any concern regarding Olam’s credit position in their discussions with Temasek,” which is supporting the raising, Singapore-based Olam said in a statement on its website………………………………………Full Article: Source


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