Olam sells US$150m senior notes

Singapore

OLAM International has sold a US$150 million five-year senior notes under its US$5 billion euro medium term note programme.

The notes with a coupon of 4.5 per cent will be issued under second tranche Series 10 and will be consolidated with the outstanding US$300 million notes issued on April 12, the company said. This takes the new outstanding to US$450 million.