AGRIBUSINESS | Staff Reporter, 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.

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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.

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