Olam issues JPY 9 billion 5-year notes via a private placement
Leading global food and agri-business Olam International Limited (“Olam’’) has issued JPY 9 billion (~US$81 million) 5-year notes due 2026 (the “Notes”) via a private placement under Olam’s US$5,000,000,000 Euro Medium Term Note Programme.
The Notes were issued at a fixed coupon of 1.61% payable semi-annually in arrears and will mature on September 2, 2026.
Société Générale (Singapore) acted as the sole manager and swap dealer for this transaction.
Proceeds from Notes will be used by Olam and its subsidiaries (the "Group") for working capital purposes and general corporate purposes, including re-financing of debt, financing capital expenditure and potential acquisition opportunities which the Group may pursue in the future as part of its strategic objectives.