Olam buys back $5 million of its 1% convertibles due 2013

By Devika Patel

Knoxville, Tenn., Dec. 29 - Olam International Ltd. said it repurchased $5 million of its 1% convertible bonds due 2013 for $3.38 million on Dec. 23.

The company said there remains $176.4 million of the bonds outstanding.

Olam is a Singapore-based supplier of agricultural products and food ingredients.

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