Olam raises S$712.5m through rights issue

Bonds and warrants issuance set for Jan 29.

In a release, Olam International Limited announced that at the close of the Rights Issue on 21 January 2013, valid acceptances and excess applications were received for 826,855,759 Bonds with Warrants. Accordingly, the Company has, pursuant to the Rights Issue, raised gross proceeds of S$712.5 million.

The valid acceptances and excess applications received include 141,629,823 Bonds with Warrants subscribed for and/or for which subscriptions were procured by the Undertaking Shareholders in accordance with the Undertakings, comprising their respective pro-rata entitlements to the Bonds with Warrants.

Valid acceptances for the Bonds with Warrants and application for excess Bonds with Warrants were received for 685,225,936 Bonds with Warrants from non-Undertaking Shareholders.

Olam said the Bonds and Warrants are expected to be issued on 29 January 2013 and listed and quoted on the Main Board of the SGX-ST with effect from 9.00 a.m. on 31 January 2013. Completion of the issue of the Bonds and the Warrants will be announced via SGXNET in due course.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia