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