Olam aims to start 2013 with rights issue

Olam International plans to boost its capital by $1.25bn, after plotting a rights issue of warrant-stapled bonds that it is pitching to all of its existing shareholders. The company is planning to close the deal early next year, said bankers familiar with the transaction.

  • 05 Dec 2012
Olam is marketing the bonds and warrants as stapled-securities, offering $750m 2018 senior unsecured bonds and up to $500m in warrants. These two securities will trade separately once they have been listed, but are being sold in a package. Investors are being offered 313 bonds and 162 warrants ...

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5 SG Corporate & Investment Banking 943.52 7 5.71%

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3 Goldman Sachs 85.71 1 10.55%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 2,087.29 10 8.43%
2 Mizuho 1,656.00 6 6.69%
3 BNP Paribas 1,583.41 10 6.40%
4 JPMorgan 1,130.71 4 4.57%
5 Commerzbank Group 1,090.75 4 4.41%