, Singapore

Olam International arm prices US$120m US debt private placement

The notes were placed to nine investors at a fixed rate of 3.89% for five years.

Olam International’s wholly-owned subsidiary Olam Americas Inc. (OAI) has priced a US$120m issuance of five-year fixed-rate notes via a private placement, an announcement revealed.

The notes were reportedly placed to nine investors at a fixed coupon of 3.89% for five years.

Also read: Olam clinches three-year digital loan for $474.35m

The proceeds from the issuance will be used by OAI and its US affiliates for repayment of existing debt and general corporate purposes, Olam highlighted.

Rabobank acted as the sole placement agent for the transaction.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!