By Marisa Wong
Madison, Wis., April 29 – Olam International Ltd. announced that it priced an additional A$30 million of 4 7/8% fixed-rate senior notes due 2020.
The additional notes are priced at 101.628.
The post-swap U.S. dollar fixed coupon will be 3.6%.
As previously reported, the original A$125 million priced on March 17 at 99.835 for a post-swap U.S. dollar fixed coupon of 4%, and an additional A$25 million priced on March 19 at 100.069 for a post-swap U.S. dollar fixed coupon of 3.975%.
The latest notes will settle on May 7.
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$30 million add-on
|
| Maturity: | March 26, 2020
|
| Manager: | Westpac Banking Corp.
|
| Coupon: | 4 7/8% (post-swap U.S. dollar fixed coupon will be 3.6%)
|
| Price: | 101.628
|
| Announcement date: | April 29
|
| Settlement date: | May 7
|
| Original issue: | A$125 million priced on March 17 at 99.835
|
| Previous add-on: | A$25 million priced on March 19 at 100.069
|
| Total amount: | A$180 million
|
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