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.
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6 comments:

  1. la papillionMarch 6, 2015 at 11:53 PM

    :(

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

    ReplyDelete
  2. C plusMarch 7, 2015 at 3:08 PM

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

    ReplyDelete
    Replies
    1. LizardoMarch 7, 2015 at 5:24 PM

      C Plus,

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

      Delete
  3. Pete227March 10, 2015 at 9:33 AM

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

    ReplyDelete
  4. LizardoMarch 10, 2015 at 7:32 PM

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

    ReplyDelete