Olam International issues debut $250 million bond

Singapore’s Olam International prices an unrated 10-year issue paying a 7.5% fixed-rate coupon.

Singaporean company Olam International priced its first bond on the dollar market on Friday with an unrated, $250 million 10-year issue. Being a frequent borrower on the domestic Singapore dollar market, plus an issuer of convertible bonds in the past, the credit story was not a complete unknown to investors.

As a debutant to the dollar market, locking in the 10-year funding at attractive historical yields became the main reason for the borrower to go ahead with the deal...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: olam international | olam | hsbc | jp morgan

Print Edition

FinanceAsia Print Edition

EVENTS