By Rebecca Melvin
New York, Aug. 25 – Olam International Ltd. has priced a S$100 million add-on to its 4% fixed-rate senior notes due Feb. 24, 2026, according to an announcement.
The add-on, which priced at par, will be consolidated with an existing S$400 million of notes issued on Aug. 24, which priced under the company’s $5 billion euro medium-term note program.
The Hongkong and Shanghai Banking Corp. Ltd., Singapore branch was manager of the deal.
The notes are expected to be issued on Sept. 1, with the proceeds earmarked for debt refinancing.
Olam is a Singapore-based provider of supply chain management for agricultural products and food ingredients.
| Issuer: | Olam International Ltd.
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| Issue: | Add-on of fixed-rate senior notes
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| Amount: | S$100 million
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| Maturity: | Feb. 24, 2026
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| Bookrunner: | HSBC Ltd., Singapore Branch
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| Coupon: | 4%
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| Price: | Par
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| Yield: | 4%
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| Announcement date: | Aug. 25
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| Issue date: | Sept. 1
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| Total deal size: | S$500 million, including S$400 million issued on Aug. 24, 2020
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