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

Felicia Tan
Felicia Tan • 2 min read
Olam prices $250 mil of subordinated perpetual securities under US$5 bil Euro Medium Term Note Programme
The securities bear a distribution rate of 5.375% for the first five and a half years.
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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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