Olam International prices US$100m US debt private placement
OLAM International on Thursday announced that its wholly-owned subsidiary Olam Americas Inc (OAI) has successfully priced a US$100 million issuance of 5-year fixed-rate notes via a private placement.
The notes were placed to four investors in the US at a spread of 160 basis points over the 5-year US treasury rate, which translates to a fixed coupon of 4.35 per cent for five years.
Proceeds from the issue of the notes will be used by OAI and its US affiliates for repayment of existing debt and general corporate purposes.
Wells Fargo Securities LLC acted as the sole placement agent for the transaction.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS customers unable to log into digibank, PayLah! on Thursday
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source
Thomson Reuters lifts 2024 forecast on first quarter revenue result
US: Wall St opens higher after Fed leaves interest rates alone