Olam returns to dollar bonds for tap

The Singapore-based commodities trader reopens April 2021 bond amid deluge of dollar bond supply.

Olam returns to dollar bonds for tap

Singaporean commodities trader Olam International returned to the international bond market this week, selling a $150 million tap to an outstanding bond that came ahead of a deluge of supply.

The company tapped its outstanding $300 million 4.5% April 2021 on Wednesday, generating around $300 million of orders for the deal.

The deal came after Olam, which counts Singapore sovereign wealth fund Temasek and Japan’s Mitsubishi as its largest shareholders, announced upbeat...

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