Olam International Limited

Olam prices $250 mil of subordinated perpetual securities under US$5 bil Euro Medium Term Note Programme - THE EDGE SINGAPORE

Commodities

Olam prices $250 mil of subordinated perpetual securities under US$5 bil Euro Medium Term Note Programme

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.

Olam Food Ingredients expands Spices portfolio, acquires US chile pepper business for US$108.5 mil - THE EDGE SINGAPORE

M&A

Olam Food Ingredients expands Spices portfolio, acquires US chile pepper business for US$108.5 mil

Olam Food Ingredients, through its subsidiary Olam Americas, has acquired US-based chile pepper business (CPB), Mizkan America for US$108.5 million ($144.0 million).

Olam International acquires 51% stake in Togo's state-owned cotton company for $24.4 mil - THE EDGE SINGAPORE

M&A

Olam International acquires 51% stake in Togo's state-owned cotton company for $24.4 mil

Olam International has acquired a 51.0% interest in Togo’s state-owned cotton company, Nouvelle Société Cotonnière du Togo (NSCT or the JV), for a consideration of EUR15.3 million ($24.4 million).

Olam International secures Singapore's first SORA-pegged club loan of $200 mil with DBS and ICBC - THE EDGE SINGAPORE

Banking & finance

Olam International secures Singapore's first SORA-pegged club loan of $200 mil with DBS and ICBC

Olam International announced on September 28, that it has secured a club loan pegged to the Singapore Overnight Rate Average (SORA) with DBS Bank and Industrial and Commercial Bank of China (ICBC)

Disruption and Digitalisation

SGX completes first digital bond issuance for Olam with HSBC and Temasek

Singapore Exchange (SGX) has completed its first digital bond issuance on its digital asset issuance, depository and servicing platform.

Results

Olam International reports 44.4% growth in 1H20 earnings of $332.7 mil

Leading food and agri-business Olam International has posted earnings of $332.7 million for the 1H20 ended June, a 44.4% growth from the earnings of $230.4 million a year ago.

Company in the news

Olam to sell permanent water rights in Australia for A$490 mil

SINGAPORE (Dec 3): Olam Orchards Australia (OOA), a wholly-owned subsidiary of global food and agri-business Olam International, has entered into an agreement to sell 89,085 megalitres of

Results

Olam's 1Q earnings grow 6.9% to $169 mil with improved operating performance

SINGAPORE (May 14): Olam International has announced earnings of $168.9 million for 1Q19, rising 6.9% y-o-y from $158 million due to improved operating performance, which was offset in part by incr

Olam adds East African coffee specialist to business brew with $10.4 mil acquisition

SINGAPORE (Oct 24): Agri-business Olam International has acquired a 100% stake in Schulter S.A., an East African coffee specialist, for US$7.5 million ($10.44 million).

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