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
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