Published on 7/29/2014 in the Prospect News Emerging Markets Daily.
New Issue: Singapore’s Olam International sells $300 million 4˝% notes due 2020 at 295 bps spread
By Christine Van Dusen
Atlanta, July 29 – Singapore’s Olam International Ltd. priced $300 million 4˝% notes due Feb. 5, 2020 at 99.337 to yield 4.638%, or Treasuries plus 295 basis points, a market source said.
ANZ, Barclays, JPMorgan and Standard Chartered Bank were the bookrunners for the Regulation S deal.
The proceeds will be used for general corporate purposes.
Singapore-based Olam International is a supply chain manager and processor of agricultural products and food ingredients.
| Issuer: | Olam International Ltd.
|
| Amount: | $300 million
|
| Maturity: | Feb. 5, 2020
|
| Description: | Senior notes
|
| Bookrunners: | ANZ, Barclays, JPMorgan, Standard Chartered Bank
|
| Coupon: | 4˝%
|
| Price: | 99.337
|
| Yield: | 4.638%
|
| Spread: | Treasuries plus 295 bps
|
| Trade date: | July 29
|
| Settlement date: | Aug. 5
|
| Distribution: | Regulation S
|
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