OLAMSP 5.350% Perpetual Corp (USD)

Bond Factsheet

Matured/ Called

Olam International Limited

Indicative

Full Lot

Bid Price

100.031

Change in Bid Price

Bid Yield (%)

5.219 %

Change in Bid Yield

remove 0.003

Ask Price

100.098

Change in Ask Price

Ask Yield (%)

5.070 %

Change in Ask Yield

remove 0.007

Indicative price as of 29 Jul 2021, 12:00am

chevron_leftchevron_right

Bond Information

Olam International Limited is an international integrated supplier of both raw and processed agricultural commodities. The Group sources, processes, stores, transports, ships, distributes, trades and markets agricultural products. Olam International also provides insurance related services.

Bond Issuer

Olam International Limited

Guarantor

Announcement Date

13 Jul 2016

Issue Date

20 Jul 2016

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / 0.294

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

5.350

Coupon Type

Variable

Annual Coupon Rate

5.350

Coupon Frequency

Semi Annually

Seniority

Junior Subordinated

Reference Rate

Reset Date: 20 July 2021 & every 5 years thereafter
Reset Rate: 5yr UST + Initial Spread + Step-up Margin
Step-up Margin: 200bps

ISIN

XS1452359521

CUSIP

LW8764257

Bond Currency

USD

Total Issue Size

Outstanding Issue Size

500,000,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Consumer Staples

Bond Sub Sector

Food and Staples Retailing

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Deferral Interest Payment

Cumulative Deferral of Interest Payment

The Issuer may, at its sole discretion, elect to defer (in whole and not in part) any distribution which is otherwise scheduled to be paid on a Distribution Payment Date to the next Distribution Payment Date by giving notice.

All deferred interest are cumulative in nature.

- Dividend Pusher:

The Issuer may defer an interest payment unless, during the Look-Back Period prior to such scheduled distribution Payment Date, the Issuer has at its discretion (a) declared or paid any dividends or distributions on any of the Issuer's Junior Obligations or, in relation to Subordinated Perpetual Securities only, (except on a pro rata basis) any of the Issuer's Parity Obligations, or made any other payment (including payments under any guarantee obligations) on any of the Issuer's Junior Obligations or, in relation to Subordinated Perpetual Securities only, (except on a pro rata basis) any of the Issuer's Parity Obligations, and/ or (b) repurchased, redeemed or otherwise acquired any of its Junior Obligations or, in relation to Subordinated Perpetual Securities only

- Dividend Stopper

The Issuer shall not and shall procure that none of its Subsidiaries shall:

(a) declare or pay any dividends, distributions or make any other payment on, and will procure that no dividend, distribution or other payment is made on:
(1) if this Perpetual Security is a Senior Perpetual Security, any of the Issuer's Junior Obligations; or
(2) if this Perpetual Security is a Subordinated Perpetual Security, any of the Issuer's Junior Obligations or (except on a pro rata basis) any of the Issuer's Parity Obligations; or

(b) redeem, reduce, cancel, buy-back or acquire for any consideration:
(1) if this Perpetual Security is a Senior Perpetual Security, any of the Issuer's Junior Obligations; or
(2) if this Perpetual Security is a Subordinated Perpetual Security, any of the Issuer's Junior Obligations or (except on a pro rata basis) any of the Issuer's Parity Obligations,

Issuer Call

The Issuer may, on giving not less than 30 nor more than 60 days' irrevocable notice to the Noteholders (or such other notice period as may be specified hereon) redeem all, or if so provided, some of the Perpetual Securities on any Optional Redemption Date shown on the face hereof. Any such redemption of Perpetual Securities shall be at Par.

Coupon Step

Coupon reset on Year 5 & every 5 years thereafter if not called

Reset Date: July 2021 & every 5 years thereafter
Reset Rate: 5yr UST + Initial Spread + Step-up Margin

Step-up Margin: 200bps

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.