By Marisa Wong
Morgantown, W.Va., May 17 – Olam International Ltd. announced it will issue ¥5.5 billion of 1.427% five-year senior notes on May 24.
DBS Bank Ltd. is the manager for the Regulation S offering.
The fixed-rate notes will be issued under the company’s $5 billion euro medium-term note program established in July 2012.
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: | ¥5.5 billion
|
| Maturity: | May 24, 2021
|
| Coupon: | 1.427%
|
| Manager: | DBS Bank Ltd.
|
| Announcement date: | May 17
|
| Settlement date: | May 24
|
| Distribution: | Regulation S
|
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