Olam International Ltd. (OLAM SP): The Singapore-based supplier of
commodities said it plans to raise as much as $400 million selling
convertible bonds. The company, which hired JPMorgan Chase & Co. and
Macquarie Group Ltd. to manage the sale, plans to allow investors to
convert the five-year bonds into shares at between 30 percent and 40
percent above S$2.9588. Olam rose 7 cents, or 2.4 percent, to S$2.98
when trading was halted before the announcement.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment