Olam makes strong return with $300m bond

rice_field230px
By Rev Hui
06 Apr 2016

Olam International returned to the international bond market on Tuesday after an absence of nearly two years with a popular $300m trade that drew good participation from private banks and institutional accounts.

The Singapore-based agricultural and commodities firm has changed its shareholding structure since it came under fire from short-seller Muddy Waters in 2012. After that, Temasek Holdings increased its stake in Olam to 50.1% and more recently in August 2015, Mitsubishi Corp became a strategic investor with a 20% ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial