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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Olam raises $712.5 mln from bonds as offering oversubscribed

Posted on 25 January 2013

Olam International Ltd. (OLAM), the commodity supplier targeted by short-seller Carson Block, raised $712.5 million from a bond sale that it said was oversubscribed. Kewalram Singapore Ltd. and Temasek Holdings Pte, the two largest shareholders, took up all of their entitlement of bonds and warrants, the trading company said yesterday in a statement.
Olam, the world’s second-largest rice trader, said last month that it planned to sell $750 million in bonds and as much as $500 million in warrants to address any “lingering doubts” about its finances………………………………………..Full Article: Source


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