New York, March 19 – Olam International Ltd. announced that it added an additional A$25 million to its recent offer of 4 7/8% fixed-rate senior notes due 2020.
The add on was priced at 100.069.
The post-swap U.S. dollar fixed coupon will be 3.975%.
The original A$125 million priced on March 17 at 99.835 for a post-swap U.S. dollar fixed coupon of 4%.
Both the original notes and the add on will settle on March 26.
Westpac Banking Corp. is the manager for the entire issue.
Olam said the additional notes were issued in response to “strong investor interest” and “stable aftermarket trading post issuance” of the original tranche.
All 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.
Proceeds will be used for working capital and general corporate purposes.
Olam is a food processing company based in Singapore.
| Issuer: | Olam International Ltd.
|
| Issue: | Fixed-rate senior notes
|
| Amount: | A$25 million add on
|
| Maturity: | March 26, 2020
|
| Manager: | Westpac Banking Corp.
|
| Coupon: | 4 7/8% (post-swap U.S. dollar fixed coupon will be 3.975%)
|
| Price: | 100.069
|
| Announcement date: | March 19
|
| 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.
