Published on 8/6/2010 in the Prospect News Emerging Markets Daily.
New Issue: Singapore's Olam sells $250 million 7½% notes due 2020 at par
By Christine Van Dusen
Atlanta, Aug. 6 - Singapore's Olam International Ltd. priced $250 million 7½% notes due 2020 at par to yield Treasuries plus 458.9 basis points, according to an informed market source.
HSBC and JPMorgan were the bookrunners for the Regulation S deal.
Olam International is a supply chain manager and processor of agricultural products and food ingredients.
| Issuer: | Olam International Ltd.
|
| Amount: | $250 million
|
| Maturity: | 2020
|
| Description: | Notes
|
| Bookrunners: | HSBC, JPMorgan
|
| Coupon: | 7½%
|
| Price: | Par
|
| Yield: | 7½%
|
| Spread: | Treasuries plus 458.9 bps
|
| Trade date: | Aug. 6
|
| Settlement date: | Aug. 12
|
| Distribution: | Regulation S
|
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