Singapore’s Olam to redeem all S$275 million 7% capital securities

New York, July 14 – Olam International Ltd. will redeem all S$275 million of its 7% perpetual capital securities on Sept. 1.

The company will pay par plus accrued distributions up to but excluding the redemption date, according to a company announcement.

Olam noted that because Sept. 1 is not a business day payment will be made on the next business day, Sept. 4.

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

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