Olam International has priced US$100 million ($134.3 million) worth of five-year notes via a private placement under Olam’s US$5 billion Euro Medium Term Note Programme.

The notes, which are due 2026, will carry a fixed coupon of 3.25% payable semi-annually in arrears. They will be issued on March 31.

Scotiabank acted as the sole manager for this transaction.

<hr/><strong>SEE: <a href="https://www.theedgesingapore.com/news/ma/olam-international-acquires-51-stake-togos-state-owned-cotton-company-244-mil"  target="_blank">Olam International acquires 51% stake in Togo's state-owned cotton company for $24.4 mil</a></strong><hr/>

Proceeds from the notes will be used by the group for working capital purposes and general corporate purposes.

Shares in Olam closed flat at $1.66 on March 24.

Olam prices US$100 mil 5-year notes through private placement

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Olam prices US$100 mil 5-year notes through private placement

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