Sunday, August 8, 2010

Olam makes its mark into US$250m bond issue

Commodity player Olam International yesterday sold US$250million worth of 7.5 per cent, 10-year bonds-the first unrated Singapore company to do so in international debt markets.

A jubilant banker close to the transaction said that, for international markets, bonds normally have to be rated.

"Many investors in their mandates can't buy unrated paper," he said. - Business Times Weekend, Sat/Sun, 7-8 August, 2010, lisen@sph.com.sg

NOL steers itself into profit territory

Q2 net profit of US$99.7M versus US$146.2M loss a year earlier as container volumes and freight soar - Business Time Weekend, Sat/Sun, 7-8 August, 2010, joyceh@sph.com.sg

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