By Marisa Wong
Madison, Wis., March 17 – Olam International Ltd. announced it priced A$125 million of 4 7/8% fixed-rate senior notes due 2020 at 99.835.
The post-swap U.S. dollar fixed coupon will be 4%.
The notes will be issued under the company’s $5 billion euro medium-term note program established on July 6, 2012 and upsized on July 14, 2014.
Westpac Banking Corp. is the manager for the issue.
Proceeds will be used for working capital and general corporate purposes.
The notes will be issued on March 26.
Olam is a food processing company based in Singapore.
| Issuer: | Olam International Ltd.
|
| Issue: | Fixed-rate senior notes
|
| Amount: | A$125 million
|
| Maturity: | March 26, 2020
|
| Manager: | Westpac Banking Corp.
|
| Coupon: | 4 7/8% (post-swap U.S. dollar fixed coupon will be 4%)
|
| Price: | 99.835
|
| Announcement date: | March 17
|
| Settlement date: | March 26
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
