Singapore's Olam sets up new $2 billion euro medium-term note program

By Marisa Wong

Madison, Wis., July 6 - Olam International Ltd. announced a new $2 billion euro medium-term note program.

DBS Bank Ltd., HSBC Ltd., Singapore Branch and Standard Chartered Bank are the joint lead arrangers and dealers.

The company intends to use proceeds from notes issued under the new program for working capital purposes and general corporate purposes.

Olam said it does not plan to issue any more notes under its existing S$800 million multicurrency medium-term note program.

Olam is a Singapore-based supply chain manager and processor of agricultural products and food ingredients.

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