Olam International has priced a benchmark $250 million of subordinated perpetual securities under its US$5 billion ($6.63 billion) Euro Medium Term Note Programme on Jan 12.

The securities will constitute direct, unconditional, unsecured and unsubordinated obligations of Olam. There is no maturity date for the securities.

The issuance was priced at par following an intraday book-building exercise.

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