Corporate digest
Olam International
THE Americas subsidiary of Olam has priced a follow-on US$170 million issuance of five-year fixed rate notes in a private placement. The notes were placed to eight investors in the US at a spread of 195 basis points over the five-year US Treasury rate, which translates to a fixed coupon of 3.73 per cent for five years. Proceeds from the notes issue will be used to repay existing bank debt and fund general corporate purposes of Olam Americas and its US affiliates.
Hi-P International
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
HSBC CEO to retire; bank reports 1.7% lower Q1 profit of US$10.8 billion
Huawei profit surges 564% as it eclipses Apple in China
Singapore stocks rise, tracking regional bourses; STI up 0.3%
Boosted by name brand beers, Carlsberg sees higher sales
JPMorgan promotes about 150 in Asia, EMEA to managing director
Brokers’ take: Analysts upgrade iFast’s rating on higher growth expectations