Singapore’s Olam to redeem $500 million perpetuals at par on July 20

By Marisa Wong

Los Angeles, June 10 – Olam International Ltd. issued a redemption notice for its $500 million subordinated perpetual securities (ISIN: XS1452359521) issued under its $5 billion euro medium-term note program.

Olam will redeem the perpetual securities in full on July 20 at par plus accrued distributions to but excluding the redemption date.

The issuer noted that because July 20 is not a business day, payment of the redemption price will actually be made on July 21.

Olam is a Singapore-based provider of supply chain management for agricultural products and food ingredients.

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