Olam issues US$50 million in private placement of 5-year notes
MAINBOARD-LISTED agribusiness Olam International has issued US$50 million in private placement of five-year senior notes.
The notes were issued to an institutional investor at a fixed coupon of four per cent and will mature on Jan 22, 2020.
The net proceeds from this issue will be used by Olam to fund its ordinary course of business.
This issuance falls under Olam's US$5 billion Euro Medium Term Note Programme, which was established on July 6, 2012.
The Hong Kong and Shanghai Banking Corporation Limited acted as sole manager for the transaction issue.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance