16 September 2012

Olam raises US$500m via notes issuance

Offering priced at a final coupon of 5.75%; 130 investors place orders

OLAM International has priced a US$500 million issuance of five-year senior notes, after an intraday book-building exercise resulted in an oversubscribed order book of US$1.6 billion.
The offering was priced at a final coupon of 5.75 per cent, "well within initial guidance in the region of 6 per cent, reflecting the quality and strength of the order book", said Olam yesterday.
The mainboard-listed food commodities supplier headquartered in Singapore said that the exercise had attracted diverse participation with 130 investors placing orders.

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