By Marisa Wong
Morgantown, W.Va., April 13 – Olam International Ltd. said it issued $300 million of 4˝% five-year notes at par on Wednesday.
The fixed-rate senior notes were issued under the company’s $5 billion euro medium-term note program established in July 2012 and updated in July 2014.
Credit Suisse (Singapore) Ltd., DBS Bank Ltd. and Hongkong and Shanghai Banking Corp. Ltd. were the bookrunners for the oversubscribed Regulation S deal.
Proceeds will be used for general corporate purposes, including repaying existing debt.
Olam is a food processing company based in Singapore.
| Issuer: | Olam International Ltd.
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| Issue: | Fixed-rate senior notes
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| Amount: | $300 million
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| Maturity: | Five years
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| Coupon: | 4˝%
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| Price: | Par
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| Yield: | 4˝%
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| Bookrunners: | Credit Suisse (Singapore) Ltd., DBS Bank Ltd. and Hongkong and Shanghai Banking Corp. Ltd.
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| Pricing date: | April 5
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| Settlement date: | April 13
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| Distribution: | Regulation S
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