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7.5% Coupon for USD bOnd TODAY is CRACY and DESPARATE ? ? ? ?
10 Years Long Term at 7.5% is EXTREMELY CRACY and EXTREMELY DESPARATE ? ? ? ?
Olam issues 10-year bonds to raise $337m
Olam International has issued US $250 million ($337 million) in unsecured bonds, the commodities producer said over the weekend in a statement on the Singapore Exchange.
According to Olam, this is the first UNrated offering of US -dollar denominated bonds by a Singapore issuer in the international bond market.
It added that the bonds have a maturity of 10 years, which provides Olam with long-term financing.
In line with the pricing guidance, the bonds bear a 7.5 per cent coupon.
Olam said it will use the net proceeds of the bond issue for capital expenditure and the financing of potential acquisitions.
The bond issue was oversubscribed by more than 80 investors, with 79 per cent from Asia and 21 per cent from Europe.
Too high, too risky to Buy.
limkt009 ( Date: 30-Jul-2010 16:31) Posted:
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dc16888 ( Date: 31-Jul-2010 01:27) Posted:
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