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

Felicia Tan
Felicia Tan3/25/2021 12:35 AM GMT+08  • 1 min read
Olam prices US$100 mil 5-year notes through private placement
Shares in Olam closed flat at $1.66 on March 24.
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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.

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