06 March 2015

Another One Bites the Dust - Olam B180129 6.75%


Olam B180129 was a bond that gave out 6.75% per year that was supposed to mature on 29 Jan 2018. Olam has done an early redemption.  There goes another good deal.  Sigh.

Looks like either Olam is in better financial shape or it is now able to secure a cheaper financial package to replace this bond.

6 comments:

la papillion said...

:(

And nothing to replace all these redeemed bonds and pref shares!

C plus said...

I think it should be due to strong usd. Otherwise, Olam will pay more in term of sing dollar when it is mature
Alvin

Lizardo said...

C Plus,

That's a good point. Didn't consider that.

Lizardo said...

Second that! Groan.

Pete Lh said...

Didn't know there was a tax call on this bond? Thought first call date is in Jan 2016?

Lizardo said...

Seems Olam did an early redemption. I received a cheque suddenly.