By Christine Van Dusen
Atlanta, July 14 – Olam International Ltd. priced $500 million perpetual notes at par to yield 5.35% on Wednesday, a market source said.
Credit Suisse, DBS and Standard Chartered Bank were the bookrunners for the Regulation S deal.
The proceeds will be used to refinance the issuer’s 7% perpetual securities issued in March of 2012.
Olam is a food processing company based in Singapore.
| Issuer: | Olam International Ltd.
|
| Amount: | $500 million
|
| Maturity: | Perpetual
|
| Description: | Notes
|
| Bookrunners: | Credit Suisse, DBS, Standard Chartered Bank
|
| Coupon: | 5.35%
|
| Price: | Par
|
| Yield: | 5.35%
|
| Trade date: | July 13
|
| Distribution: | Regulation S
|
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