Press Release

    Olam International Issues A$125 Million 5 Year Fixed Rate Senior Notes

    Press release

    Olam International Limited (“Olam”), a leading agri-business operating across the value chain in 65 countries, today announced the issuance of A$125 million 5 year Senior Unsecured Notes due 2020 (the “Notes”) under its US$5,000,000,000 Euro Medium Term Note Programme established by the Company on 6 July 2012 and updated on 14 July 2014.

    The Notes were successfully priced following an intraday book-building exercise and were issued at 99.835% of the principal amount at a fixed coupon of 4.875% per annum with interest payable annually in arrears. The post-swap US Dollar fixed coupon will be 4.00% per annum. Net proceeds from this issue will be applied by Olam to fund its ordinary course of business.

    Shekhar Anantharaman, Olam’s Executive Director – Finance & Business Development said: “We are pleased to announce our first issuance of notes in Australian Dollars. The issue was competitively priced and is in line with our financing strategy of diversifying our borrowing mix across currencies and geographies in a cost-effective manner.”

    Westpac Banking Corporation acted as sole manager for this transaction.

     . . . . .

    Note: This release should be read and understood only in conjunction with the full text of Olam International Limited’s announcement lodged on SGXNET on 17 March 2015 on the same subject.


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