Olam repurchases $10.3 million of 6% convertible bonds due 2016

By Tali Rackner

Norfolk, Va., Jan. 21 – Olam International Ltd. repurchased $10.3 million of its 6% convertible bonds due 2016 following a tender offer, according to a press release.

Following the Thursday transaction, $44.3 million of the $500 million initial amount remains outstanding under the issue.

As previously reported, the company bought back $175.9 million of the convertibles at 102.5 in a tender offer that ended Jan. 8 and $269.5 million of the convertibles at 102.5 in a tender offer that ended Dec. 18.

Olam is a food processing company based in Singapore.

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