Singapore's Olam plans tender for S$235.8 million 7% perpetuals

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – Olam International Ltd. announced a tender offer for up to S$235.8 million of its S$275 million of perpetual capital securities.

The repurchase period will run from March 1 through March 7. The company will pay par plus accrued distributions to but excluding the settlement date of March 10 for the securities.

The company said it plans to call all of the outstanding securities on Sept. 1, 2017 at par plus accrued distributions to but excluding the redemption date.

Holders wishing to participate in the tender offer should contact DBS Bank Ltd., according to a company notice.

Olam is a Singapore-based supply chain manager and processor of agricultural products and food ingredients.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.