DATA PLATFORM FOR FINANCIAL MARKET PROFESSIONALS AND INVESTORS
  • High performance interface for global bond market screening
  • Full information on close to 400,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 60 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Olam International Limited Prices US$500 Million 5-Year Senior Notes Under Its Euro Medium Term Note Programme - issuer

September 14, 2012
Singapore, September 14, 2012 - Olam International Limited ("Olam"), a leading global, integrated supply chain manager and processor of agricultural products and food ingredients, has yesterday priced a US$500 million issuance of 5-year Senior Notes (the "Offering") under its US$2,000,000,000 Euro Medium Term Note Programme (the "EMTN Programme").

The Offering was successfully priced following an intra-day bookbuilding exercise, and attracted diverse participation with 130 investors placing orders, resulting in an oversubscribed orderbook totaling US$1.6 billion. In addition to demand from private banking accounts, the Offering also saw strong participation from institutional investors such as fund managers and banks, which collectively were allocated 30% of the Offering. In terms of geographical distribution, approximately 81% was allocated to Asian investors, with the remainder allocated to European investors.

The Offering was priced at a final coupon of 5.75%, well within initial guidance in the region of 6%, reflecting the quality and strength of the order book.

This transaction is in line with Olam's long-term funding strategy of diversifying its funding sources, and of accessing the capital markets in a flexible and efficient manner.

The Joint Lead Managers and Joint Bookrunners for the Offering were Credit Suisse (Singapore) Limited, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan (S.E.A.) Limited, and UBS AG, Singapore Branch.

Shekhar Anantharaman, Olam's Executive Director - Finance & Business Development said: "This marks one of our largest USD bond issue to date and our first issuance in the USD bond market since August 2010. We are pleased to have captured a strong market window with this benchmark issuance, which was executed as a swift drawdown under our EMTN Programme. We are also encouraged by the strong response and the broad participation by both institutional investors and private banks.
  • Status
    redeemed
  • Country of risk
    Singapore
  • Redemption (put/call option)
    *** (***)
  • Amount
    500,000,000 USD
  • М/S&P/F
    — / — / —
Company — Olam International
  • Full name
    Olam International Limited
  • Registration country
    Singapore
  • Industry
    Trade and retail